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Showing 1 - 10 of 349 results for "Investigations"

Life CCC spots 10.6k breaches in FY26

MATTHEW WAI  |  THURSDAY, 8 OCT 2026
... months to seven months, and was able to finalise 111 allegations out of the 120 received during the year. "The investigations identified issues related to vulnerability and financial hardship, claims handling, distributor obligations and surveillance ...

ASIC sues another former Venture Egg adviser

VINNY VUCAGO  |  WEDNESDAY, 7 OCT 2026
... investigation as among its largest and most complex. "We have now commenced 17 proceedings in connection with our ongoing investigations, and we expect to take further action," Court said.

ASIC secures court orders against questionable investment scheme

MATTHEW WAI  |  MONDAY, 21 SEP 2026
... Investment Group Australia (SIGA) and Gondal Holdings, and the director of both entities Ijaz Ahmad, following investigations into its managed investment scheme. ASIC filed an ex parte application to the Federal Court after concerns were raised with ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... balance of the $830 million included fines for Mercer Super totalling $10.3 million for systemic failures to report investigations into significant member services issues to ASIC and HSBC Bank Australia admitting to serious failures in protecting customers ...

ASIC seeks to wind up Capital Guard AU

KARREN VERGARA  |  WEDNESDAY, 15 JUL 2026
... take control of Capital Guard, investigate its affairs, and preserve and recover assets where possible. ASIC's investigations counted 80 investors who are expected to be affected after finding that Capital Guard allegedly promoted bond investments ...

Mercer Super fined $10.3m for reportable situations failures

KARREN VERGARA  |  MONDAY, 29 JUN 2026
... categories. The first, Mercer Super's failure to have an adequate system in place to identify and report reportable investigations throughout the relevant period, being 1 October 2021 and 30 September 2024. One key limitation of Mercer's incident ...

ASIC sues three Keystone Asset Management directors

KARREN VERGARA  |  FRIDAY, 26 JUN 2026
... message that directors operating schemes of this kind must act in investors' best interests." Court added ASIC's investigations into the matters connected to Shield are continuing. ASIC is seeking civil penalties, disqualification orders against the ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... other matter. We've stood up around 50-60 people who are working almost around the clock on these issues, and investigations of this nature that involve the dispersion of funds and monies both internationally and to various places domestically, they ...

ASIC cannot afford to stand still: Longo

VINNY VUCAGO  |  MONDAY, 1 JUN 2026
... sharp increase in enforcement activity and penalties. Longo said ASIC had more than doubled the number of formal investigations undertaken annually and quadrupled the value of penalties secured since 2020. The regulator has already obtained approximately ...

KPMG chief resigns after firm admits whistleblower probe fell short

RIDDHIMA TALWANI  |  MONDAY, 1 JUN 2026
... board identified that KPMG Australia fell short in managing the whistleblower and their concerns, the rigour of the investigations and action by leadership regarding the allegations raised. KPMG chair Martin Sheppard said: "We acknowledge we have work ...
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