Australia
ASIC Banned and Disqualified Persons Check
Financial Services
Professional Services
What the check is?
A search of the ASIC register to see whether an individual has been banned or disqualified from managing a corporation or providing financial services.
What the value is?
Protects against hiring individuals who are legally banned from corporate or financial roles.
What does it check?
ASIC registers of individuals disqualified from managing corporations or providing financial services.
Why do you do it?
Ensures that people in leadership or financial roles have not been prohibited. Safeguards trust, compliance and credibility.
How often does it need to be checked?
At hire; can be included in periodic re-screening (e.g., annually or every two years) for high-risk roles.
Is this industry specific? If yes, what industries?
Financial services; legal and compliance; executive and board appointments; roles with fiduciary or governance responsibility.
Risk of not doing it?
You could appoint someone who is legally barred, resulting in fines, legal breaches and reputational damage.
