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Government announces fresh crackdowns on foreign investments
ALLY SELBY  |  FRIDAY, 5 JUN 2020
Treasurer Josh Frydenberg has announced a major crackdown on foreign investment in Australia, including new overriding "last resort powers" which will allow him to force foreign divestment in exceptional cases.
38 staff punished over AUSTRAC scandal: Westpac
ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
Westpac has confirmed 38 staff copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal.
Keybridge takes WAM to court
ELIZA BAVIN  |  WEDNESDAY, 3 JUN 2020
Keybridge Capital has launched legal proceedings against Wilson Asset Management, alleging WAM improperly transferred Keybridge shares into its own name.
Renewed scrutiny for ME Bank
ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week.
ASIC cancels two AFSLs
ELIZA BAVIN  |  MONDAY, 1 JUN 2020
ASIC has cancelled the Australian financial services licenses of Western Australia-based, Personal Risk Management and Melbourne-based Australian Golden Securities
Enquiry into lacklustre employee share schemes
ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
Australia's reluctance to adopt employee share schemes will be the subject of a public enquiry, with the aim of breathing new life into such schemes.
ASIC bans Linchpin directors
ELIZABETH MCARTHUR  |  FRIDAY, 29 MAY 2020
ASIC has banned three directors of Linchpin Capital Group - Ian Williams, Peter Daly and Paul Raftery.
ASIC takes action on two AFSLs
ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
ASIC has cancelled the ASFLs of two NSW-based financial service providers.
Complaints abound during COVID-19: AFCA
ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
The Australian Financial Complaints Authority (AFCA) has received over 3180 COVID-19 related financial complaints since the pandemic was declared in March, with more than 600 directed at superannuation funds.
US regulator settles with Ares
KANIKA SOOD  |  WEDNESDAY, 27 MAY 2020
Ares Management LLC, which has a joint venture with Challenger's Fidante Partners in Australia via a related company, has paid US$1 million to settle charges alleging it traded in a portfolio company based on non-public information while an employee ...
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