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Regulatory

'Licensee for hire' fined $1.25m by court

BY JAMIE WILLIAMSON | THURSDAY, 11 APR 2024 12:41PM

Lanterne Fund Services was issued a $1.25 million penalty by the Federal Court for failing to comply with basic obligations, including operating with almost no compliance staff or risk management processes.

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Read more: CAR, ASIC, Lanterne Fund Services, Federal Court, AFSL, Peter Cozens, Royal Commission

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