As regulatory expectations and commercial scrutiny intensify, the quality of independent reviews is no longer a compliance formality; it’s a measure of institutional maturity. This white paper explores how ASIC, AUSTRAC, and APRA are reshaping the review landscape, why superficial assessments are exposing boards to unnecessary risk, and how brokers, advisers, and financial service providers can respond with assurance that holds up under pressure.

Featuring real-world case studies and a practical framework for building substantive reviews, this paper is essential reading for directors, risk leaders, and regulated entities navigating CPS230 and beyond.

The partnership between Oceanic Consulting Group and DASH Technology Group introduces File Review as a Service (FRaaS) – a purpose-built solution that delivers independent, actionable insights into advice quality and compliance. Designed to support adviser performance, reduce compliance risk, and uplift customer outcomes, FRaaS empowers licensees to strengthen the advice lifecycle with targeted reviews and continuous improvement. By identifying opportunities for adviser training and enhancing client satisfaction, FRaaS drives trust, retention, and sustainable growth.

Following the Royal Commission, the financial services industry remains under scrutiny, and Oceanic Consulting Group (OCG) reveals that documentation, not the advice itself, is now the front line of compliance risk. After reviewing over a million advice files, OCG found that while most advice is sound, poor documentation renders up to 30% of files non-compliant. Missing links between fact finds, goals, and final recommendations create legal exposure and drive costly remediation. OCG’s File Review as a Service (FRaaS) helps firms tackle this challenge by embedding scalable review systems that strengthen documentation quality, support compliance, and reduce long-term risk.

A Guide highlighting the critical role of data maturity in the evolving financial services landscape. This article outlines a five-stage data maturity model, from Initial (Ad-Hoc) to Optimised (Innovative), emphasising how each stage impacts decision-making, compliance, and operational efficiency. The piece underscores the importance for stockbrokers to assess and enhance their data capabilities to meet regulatory requirements, leverage advanced analytics, and maintain a competitive edge in a data-driven market.

The AML/CTF Amendment Bill introduces critical reforms that raise the bar on financial crime prevention in Australia. With new requirements including a beneficial ownership register, enhanced due diligence, and expanded reporting obligations, wealth management firms must act now to update compliance programs, strengthen monitoring, and mitigate risk. This marks a key shift in regulatory expectations - one that demands immediate attention, smart strategy, and robust execution.

As ESG expectations accelerate, financial services firms must move beyond basic compliance to turn ESG complexity into strategic advantage. From governance and risk mitigation to advanced data management and regulatory readiness, this article explores how organisations can meet rising stakeholder and legislative demands, while positioning for growth. With expert insights and practical steps, OCG helps firms lead the way in sustainable transformation.

Oceanic Consulting Group (OCG) highlights the Australian Securities and Investments Commission's (ASIC) intensified focus on operational resilience within financial institutions. The piece identifies common shortcomings, such as the improper exclusion of critical services, overreliance on contingency plans, and inadequate documentation and oversight. OCG emphasises the necessity for firms to reassess and enhance their resilience strategies to align with ASIC's expectations, ensuring robust risk management and compliance frameworks are in place.

APRA's Prudential Standard CPS 230, effective from 1 July 2025, mandates that regulated entities enhance their operational risk management, business continuity planning, and third-party risk oversight. This standard aims to ensure entities can maintain critical operations during disruptions and manage risks associated with service providers. Key requirements include establishing a comprehensive risk management framework, implementing robust internal controls, and maintaining a credible business continuity plan. Boards and senior management are held accountable for overseeing these measures to ensure resilience and compliance.​

​This article examines the current criteria for classifying wholesale investors, focusing on the individual wealth test thresholds of $2.5 million in net assets or $250,000 in gross income over the past two years. It discusses the implications of these thresholds and the potential impact of proposed changes on investors and financial markets. The article also highlights the government's timeline for reviewing these classifications and the importance of aligning them with contemporary economic conditions.​

​This article discusses the Compensation Scheme of Last Resort (CSLR) and its role in maintaining trust within Australia's financial services sector. It highlights how the CSLR provides a safety net for consumers by ensuring compensation in cases where financial firms fail to meet their obligations. The article emphasises the importance of the CSLR in upholding the integrity of the industry and protecting consumers.