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Regulatory

ING partners for fraud prevention

ALEX BURKE  |  THURSDAY, 12 JAN 2017
ING is joining with a global risk management software provider to upgrade its fraud detection and prevention facilities.

Federal Court dismisses ASIC allegations

ALEX BURKE  |  TUESDAY, 3 JAN 2017
The Federal Court dismissed ASIC's allegations in regards to a breach of directorial duties at an investment management company which collapsed in 2013.

FSC speaks out against elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
The Financial Services Council affirmed its support of the Australian Law Reform Commission's proposed amendments to help combat elder abuse.

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
ASIC confirmed the completion of ANZ's independent compliance review.

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
Suncorp paid a total of $530,000 in penalties for breaching consumer protection laws.

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
A battle over the definition of personal and general financial advice will play out in the Federal Court following ASIC's decision to bring civil proceedings against Westpac subsidiaries.

Goldman Sachs fined $120m for rate rigging

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
Goldman Sachs will pay a $120 million penalty for attempting to rig global benchmarks for interest rate products.

Robo-advice needs monitoring: IOSCO

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
ASIC and other international regulators are coming to grips with the difficulties of monitoring robo-advice solutions and tools.

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator.

Government shelves ASIC register sale

ALEX BURKE  |  WEDNESDAY, 21 DEC 2016
The Federal Government has unexpectedly terminated its sale of ASIC's registry.