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ANZ fined A$240m after admitting to engaging in unconscionable conduct
This is the biggest combined penalty on one entity issued by the ASIC, and reflects “the seriousness and number of breaches of law.”
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ASIC roundup: Accountant making false statements, and court dismisses ANZ’s appeal
The Australian Securities & Investments Commission’s latest actions and news, September 30 – October 4, 2024.
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Australian banks to pay back A$28m to low-income customers
ASIC reviewed four big banks all found systemically charging high fees to low-income customers.
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Concerns over complete venue coverage and FCA ‘name and shame’ approach at compliance roundtable
Risk acceptance and supervisory visits also discussed at Global Relay’s quarterly roundtable in London.
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CFTC fines swap dealer $500,000 for supervision failures
The company failed to ensure that thousands of orders were not timely surveilled for spoofing.
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ASIC roundup: A$670,500 penalty over ‘set and forget’ compliance culture
The Australian Securities & Investments Commission’s latest actions and news, December – December 4 – 15, 2023.
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ASIC roundup: Landmark victory on continuous disclosure, and banned auditors
The Australian Securities & Investments Commission’s latest actions and news, October 9 – 13, 2023.
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ASIC roundup: Illegal phoenix activity, and bank fined A$15m for misleading customers
The Australian Securities & Investments Commission’s latest actions and news, September 25 – 29, 2023.