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Showing 1 - 10 of 573 results for %22Australian Financial Services Licence%22

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
The Australian Financial Complaints Authority (AFCA) added 544 more Dixon Advisory-specific victims to total 2492 complaints at the end of April, which will further exacerbate the costs and levy financial advisers must pay. The Financial Advice Association ...

ASIC clamps down on advisers, trustees cold calling

KARREN VERGARA  |  TUESDAY, 7 MAY 2024
... becoming aware of activity associated with unscrupulous cold calling for superannuation switching business models." The Australian Institute of Superannuation Trustees (AIST), which is now Super Members Council (SMC), has advocated for the banning of ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence (AFSL). ASIC chair Joe Longo said this was a significant ruling as the first court outcome against a non-cash payment facility ...

ASIC issues warning over scammers using fake AFSLs

ELIZA BAVIN  |  FRIDAY, 3 MAY 2024
... International Securities Identification Numbers (ISINs), Australian business numbers (ABNs) and Australian financial services licence (AFSL) numbers, as well as imitating investment maturity dates, coupons and credit ratings. Scammers also use online ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial Services Licence (AFSL) of JB Markets effective from 12 April 2024. ASIC said JB Markets failed to comply with the financial requirements of its AFSL ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... contravention of sections 911A of the Corporations Act by providing financial services without an Australian Financial Services Licence (AFSL). ASIC is also seeking interim and final injunctions against the NGS companies to prevent them from providing ...

ASIC challenges court ruling in Finder Wallet crypto case

ANDREW MCKEAN  |  THURSDAY, 11 APR 2024
... capital. If Finder Earn was a debenture, Finder Wallet would've been required to hold an Australian Financial Services Licence to offer such a product. However, the court disagreed with ASIC's assertions and ruled in favour of Finder Wallet. ASIC lodged ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
Heartland Group Holdings has announced it received indicative regulatory approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ) for Heartland Bank's acquisition of Challenger Bank. Heartland said ...

Court delays DASS class action settlement approval

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... administration in January 2022. ASIC cancelled its licence on 5 April 2023. DASS comprises the glut of the Australian Financial Complaints Authority's complaints as well as the newly launched Compensation Scheme of Last Resort. Separately, E&P chief ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... unlicensed. In addition, ASIC said he held out that Panacea Capital was authorised under an Australian Financial Services Licence (AFSL) when this was not the case. ASIC found Creigh provided fact sheets to investors to induce them to invest in the Crypto ...
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