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Showing 31 - 40 of 284 results for "Enforceable Undertaking"

ASIC takes action on EverBlu, director

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... account; maintenance of records; and management of conflicts of interest. ASIC has already accepted a court enforceable undertaking from Blumenthal and EverBlue. This means that he will not be involved in financial services for five years and will undertake ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
ASIC has accepted a court enforceable undertaking from iExtend Holdings Company (iExtend) after investigating concerns that it was operating without an AFSL. The undertaking also relates to iExi Pty Ltd, which trades as iExtend. Documents show the investigation ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
Perth Mint has entered an enforceable undertaking (EU) with AUSTRAC to improve compliance with Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws. In August, the financial crimes regulator ordered the appointment of ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... interest rate of 7.6% per annum from the time they invested. Additionally, the regulator has accepted a court enforceable undertaking from Bobbob and its sole director Byron Goldberg regarding the representations. The undertakings include that Bobbob ...

Selfwealth chief in sudden exit

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... with Openmarkets, which recently copped a $4.5 million penalty from ASIC and was forced to undergo an enforceable undertaking. At one point, Selfwealth was rumoured to be looking to acquire Openmarkets. However, in April, Selfwealth moved to FNZ Custodians ...

Openmarkets hit with largest ever MDP penalty

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... trading. To rectify these breaches and comply with the infringement notice, Openmarkets has entered into an enforceable undertaking. This requires the broker to bring on board an independent expert to assess and report on its organisation and technical ...

Former Capstone adviser in EU with ASIC

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
A former Capstone Financial Planning adviser is in a court enforceable undertaking with ASIC after he failed to maintain adequate records to show clients were receiving the services they'd paid for. Gregory Blackaby, formerly of Acquire Strategic Advisers ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
Suncorp has signed an Enforceable Undertaking with the Fair Work Ombudsman and reimbursed its staff with a back-payment of $32 million, inclusive of interest and superannuation. Suncorp underpaid nearly 16,000 employees between May 2014 and March 2022. ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
APRA and AUSTRAC have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
The Australian government has released draft legislation aimed at promoting competition in the clearing and settlement services market. Under the proposed legislation, ASIC will have the authority to create regulations to encourage competition while ...