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ASIC roundup: A$10m penalty on iSignthis, eight years’ imprisonment for fraud

Montage of the Australian arms Emu and Kangaroo emblem
GRIP Montage: ASIC/Getty Images

Martina Lindberg

5 min read
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The Australian Securities & Investments Commission’s latest actions and news, August 4 – 8, 2025.

iSignthis ordered to pay A$10m – August 8, 2025

iSignthis Ltd, now known as Southern Cross Payments Ltd, has been ordered by the Federal Court to pay a penalty of A$10m ($6.5m) for breaching disclosure laws.

The former managing director and chief executive officer Nickolas John Karantzis was also penalized with

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