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Showing 31 - 40 of 5396 results for %22Regulatory%22

Bitcoin investing is on the rise, but more regulation is needed

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... infrastructure for crypto companies and encouraging banks to adopt on-chain monitoring of transactions are part of Zeng's regulatory wish list. As a director of Blockchain Australia, Australia's peak Blockchain industry body, Zeng identified ...

Director facing $13k fine in first of its kind action from ASIC

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
The Australian Securities and Investments Commission (ASIC) has commenced the first prosecution action against a director for failing to comply with the obligation to have a director identification number (director ID). ASIC did not name the director ...

Wholesale investor tests up for parliamentary review

KARREN VERGARA  |  MONDAY, 25 MAR 2024
... Stakeholders have until May 15 to file a submission. The new inquiry builds on Treasury announcing a review of the regulatory framework in the October 2022-23 Budget. This was followed by opening consultations to shake up the $2.7 trillion managed investment ...

ASIC's harsh words to directors: 'It's not meant to be easy'

ELIZA BAVIN  |  FRIDAY, 22 MAR 2024
... work, no doubt about it." However, while Longo admitted there are plenty of new challenges companies are facing - think regulatory settings, mandatory climate disclosure, cybersecurity, and AI - directors who are focused on doing the right thing shouldn't ...

ACNC tightens screws on NFPs with complex corporate structures

JAMIE WILLIAMSON  |  THURSDAY, 21 MAR 2024
The Australian Charities and Not-for-profits Commission (ACNC) announced it will focus on the misuse of complex corporate structures this year. ACNC commissioner Sue Woodward said the commission is "becoming increasingly concerned about the misuse of ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
The Australian Securities and Investments Commission (ASIC) has banned Brian Jacques Creigh from providing financial advice or being involved in a financial services business. Creigh is the director of Panacea Capital. He operated the Panacea Capital ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... law," he said. "That is, you have the appropriate licences - and that you conduct your business in accordance with the regulatory obligations that apply at any point in time. "Where we see misconduct, including where we assess you as needing a licence ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... sensitive data-including those in the healthcare or financial services sectors," Allens said. It also said the continued regulatory focus on greenwashing and bluewashing, as well as proposed introduction of mandatory climate and modern slavery reporting ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
David Sipina, a Croydon local, who had a role at defunct investment manager Courtenay House, has pleaded guilty to carrying on a financial services business without a licence and dealing in the proceeds of crime. Between 24 June 2015 and 21 April 2017 ...

ASIC bans Queensland financial adviser

ELIZA BAVIN  |  WEDNESDAY, 20 MAR 2024
The Australian Securities and Investments Commission (ASIC) has permanently banned Queensland-based financial adviser Shane Rose. Rose has been banned from providing any financial services, performing any function involved in the carrying on of a financial ...