Regulation

Oct 30 2020

A former property developer has been found guilty of fraud in relation to obtaining funds from SMSF investors following an ASIC investigation.

Oct 30 2020

The big four bank has signed agreements to settle two class actions against it in the US in relation to trading activity and the AUSTRAC fallout.

Oct 28 2020

While some ASIC commissioners first learned about the proposal to scrap responsible lending laws after it was announced, APRA knew about the move in August and was consulted on his opinion ...

Oct 27 2020

The ASIC commissioner has revealed that he was unaware of the government’s proposal to scrap responsible lending laws until it made the announcement last month.

Oct 27 2020

Illion’s bank statements and data provider and its credit reporting company have been made accredited data recipients under the Consumer Data Right. 

Oct 26 2020

ASIC deputy chair Daniel Crennan QC has resigned from his role following Friday’s revelations that the regulator may have incorrectly paid $70,000 worth of his rental costs.

Oct 26 2020

The financial services regulator has acknowledged the “totally unacceptable” delay it took in remedying breaches of remuneration limit, which has led to the temporary departure of ASIC chair ...

Oct 22 2020

The Federal Court has ordered Westpac to pay an agreed $1.3 billion penalty for breaching anti-money laundering and counter-terrorism financing laws.

Oct 22 2020

The financial institution has been sentenced in Sydney’s Downing Centre Local Court on charges brought by ASIC relating to client money offences.