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AMO
Notice
This is an update on Market Notice 1172.15.10 dated 9 October 2015 which warned participants about cases of alleged identity fraud and urged participants to be vigilant when opening accounts particularly where they are domiciled offshore and/or one-off sales for Issuer Sponsored Holdings.
ASX has recently become aware of further cases where alleged fraudsters appear to have opened one-off accounts in the registration name of the Issuer Sponsored Holders whose details they have intercepted for the express purpose of selling those holdings.
What do I need to do by when?
We encourage participants to review their arrangements (including any arrangements outsourced to intermediaries) relating to one-off sales and the limits imposed on the size of transactions through this process, client and payment verification processes, off-market transfers and, if supported, third party payments processes, to ensure the arrangements are appropriately designed and implemented to mitigate risk of unauthorised transfers and other nefarious activity.
Need more information?
Issued by
Fiona Hooymans – General Manager, Participants Compliance
Contact information
Bill Woods
+61 (02) 9227 0000
info@asx.com.au