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Forex Capital to face Federal Court
ALLY SELBY  |  FRIDAY, 17 JUL 2020
The corporate watchdog has kicked off civil penalty proceedings in the Federal Court of Australia against contracts-for-difference and FX broker Forex Capital, as well as its sole director.
Litigation funding fight heats up
ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
The Senate Parliamentary Joint Committee, Corporations and Financial Services looking into litigation funding and the regulation of the class action industry sparked a heated debate today.
Woman jailed in $105m tax scam
ELIZA BAVIN  |  MONDAY, 13 JUL 2020
A fourth person has been sentenced to four years imprisonment for their role in a syndicate that allegedly defrauded the Commonwealth of over $105 million.
Banks throw Australians a second lifeline
ALLY SELBY  |  THURSDAY, 9 JUL 2020
Australia's banks will defer repayments on loans for an additional four months, in a bid to avoid a 'fiscal cliff' in September and aid in the country's economic recovery.
Financial institution charged over Epstein scandal
ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
A major financial institution has been hit with a US$150 million fine over its relationship with sex offender Jeffrey Epstein.
ANZ accused of paying hush money on BBSW scandal
ELIZABETH MCARTHUR  |  FRIDAY, 3 JUL 2020
In an action filed in the Federal Court ANZ has been accused of throwing a whistleblower under the bus, paying a fine as "hush money" and "virtue signalling" following ASIC's investigation into ANZ's alleged manipulation of the bank bill swap rate.
Colonial First State cops licence conditions
JAMIE WILLIAMSON  |  THURSDAY, 2 JUL 2020
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately.
COVID-19 stimulus continues
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
As the new financial year began, Treasurer Josh Frydenberg clarified the stimulus measures the government will use to assist Australians in the recovery from the COVID-19 pandemic.
AMP should stop whining: Slater and Gordon
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
Law firm Slater and Gordon has slammed AMP chief executive Francesco De Ferrari's criticism of litigation funding and class actions, as AMP continues to battle lawsuits sparked by the Royal Commission.
AFCA sees 14% rise in complaints
ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
The Australian Financial Complaints Authority has reported a 13.7% rise in monthly complaints in the last financial year with most being about superannuation, insurance claims and credit.
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