Australian Securities and Investments Commission
ASIC
Despite a record enforcement year, ASIC has been forced to accept there are some penalties it won’t ever see.
The corporate cop will comfortably eclipse its previous enforcement record, FOI data shows, after a string of big court wins.
Banks like to talk tough on scams, but the HSBC case shows victims can still be left waiting years for compensation after the damage is done.
ASIC extracted a sizeable penalty after the global bank admitted it failed to protect customers from systemic fraud but some victims face an uphill battle to get their money back.
Industry funded agency AFCA is about to get a bigger remit in scam prevention. In the meantime, it’s facing a record breaking deluge of claims of wrong doing in finance.
The whistleblower at the centre of the audit leaks scandal engulfing the accounting giant has told a parliamentary inquiry they were subject to retaliation after coming forward.
Reports suggest Binance could be rejected by EU regulators, but global co-CEO Richard Teng said he is “confident of our path” in Australia.
Following its surveillance of the sector, which Capital Brief revealed included office searches, the corporate cop is almost ready to take action.
Bank bosses and regulators were keen to warn that multiple threats are escalating in an increasingly chaotic world. But a series of mishaps saw their message disrupted.
The Federal Court judge said former CEO Matt Bekier and chief lawyer Paula Martin would have faced harsher penalties if not for deals ASIC struck with other executives.
After a scathing royal commission pushed banks to offload their wealth and advice businesses almost a decade ago, there is growing talk of a comeback.
Newly released court documents lay out the timeline behind the ASX’s bungled tech upgrade, and how it it misled the market.
The outgoing ASIC chief says the regulator wants to help courts “get to the heart” of cases more quickly.
ASIC finally notices DroneShield six months later.
Six months after DroneShield’s governance blow-up, ASIC has confirmed it is investigating the counter-drone manufacturer, as some investors ask what took so long.
The digital asset industry has warned Treasury it is overestimating startups’ ability to comply with a regime designed for banks and super funds.
During a whirlwind tour of Australia, the Claude developer warned AI could bring down critical services — but neglected to mention the model that has spooked regulators and markets.
