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Showing 91 - 100 of 1675 results for "Breach"

ASIC loses appeal against Finder Wallet

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
The Federal Court has dismissed ASIC's appeal in the Finder Wallet case relating to the defunct crypto-asset related product Finder Earn. Wallet Ventures (previously known as Finder Wallet) is an AUSTRAC-registered digital currency exchange. The ...

Mercer Super, Virgin Money Super members caught in Australia Post burglaries

KARREN VERGARA  |  FRIDAY, 25 JUL 2025
Mercer Super and Virgin Money Super members are the victims of an Australia Post security breach following several burglaries at its Melbourne GPO. Australia Post said the break-ins occurred between July 6 and 17 and the "theft of some mail articles" ...

Two more Shield Master Fund advisers banned

MATTHEW WAI  |  FRIDAY, 25 JUL 2025
ASIC has banned another two former financial advisers of MWL Financial Services that were involved in investing clients' superannuation into the Shield Master Fund, as well as other breaches of obligations. Former financial advisers of MWL, Rocco ...

ASIC sues Fortnum Private Wealth

KARREN VERGARA  |  TUESDAY, 22 JUL 2025
... sending 1266 emails containing phishing links from that employee's account, while Wealthwise experienced a major data breach. When Fortnum revised its policy in May 2023, ASIC found several of its ARs experienced cyber incidents, one of which was ...

Licensee compliance head banned over fees for no service

MATTHEW WAI  |  WEDNESDAY, 9 JUL 2025
... reportable situations regime requires licensees to notify ASIC of reportable situations. ASIC published its Regulatory Guide 78 Breach reporting by AFSL and credit licensees (RG 78) in December 2023.

ASIC releases new relief for reportable situations regime

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... contraventions of civil penalties. The new relief clarifies that a report is taken to be lodged with ASIC if a licensee submitted a breach report to APRA that contains all the information APRA has requested. ASIC said the new relief reduces some of the ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... For the 2022 and 2023 financial years FSGA did not lodge its financial statements and auditor's reports on time or breach reports with ASIC. FSGA did not comply with a condition on its licence that required to have total assets that exceeded total ...

Telegram pump and dump schemers plead guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUN 2025
Almost a year after criminal charges were brought against them, four people who were part of the 'ASX Pump and Dump Group' have pleaded guilty. In July 2024, four individuals were charged with conspiracy to commit market rigging and false trading, to ...

Super funds to take stock of information security controls

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... clear explanation as to why the issue is not material and how it is appropriately managed. They must then also conduct a breach assessment to determine whether it also constitutes a breach of CPS 234. Finally, all funds must advise APRA of their accountable ...

ASIC grants no-action on deficient advice fees consent

JAMIE WILLIAMSON  |  FRIDAY, 6 JUN 2025
... requirements when entering ongoing fee arrangements (OFAs). It comes as the regulator said it does not intend to take action on a breach of section 962S of the Corporations Act and section 99FA of the SIS Act that it has seen. The issue involved a written ...