New ASIC report showcases increased investigations and civil proceedings
The Commission started more investigations, yet criticism still present as total fines and civil penalties decreased substantially.
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ASIC has stepped up some of its work by starting 25% more investigations in 2023–24 compared to the year before, its new annual report shows. Close to 170 new investigations were started, and civil proceedings also increased by 23%.
The improvements come as the authority has been undergoing “the largest