The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a press release. ASIC indicated that misconduct complaints received by the body from March to May...
Financial and competition regulators in Australia have teamed up to look into the rising use of supplier payday lending schemes used by big companies, according to a report by The Australian. The Australian Competition & Consumer Commission (ACCC) has partnered with the Australian Securities &...
Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report by the Financial Times. The Australian Securities and Investments Commission (ASIC) spent a year investigating...
Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and...
November 23, 2022
The Australian Securities and Investments Commission (ASIC) has sued the FinTech company Block Earner for allegedly offering cryptocurrency investments without a license. “Block Earner offered a range of fixed-yield earning products based on crypto-assets under the names USD Earner, Gold Earner and Crypto Earner (collectively, the earner products),” the regulator said in a Wednesday (Nov. […]
June 24, 2020
The Australian Securities & Investment Commission (ASIC) has reported an increase in the volume of investment scam reports by investors and consumers in Australia amid the pandemic, according to a...
April 08, 2019
Australian financial regulators are feeling pressure to ensure financial institutions treat customers properly and have turned to artificial intelligence (AI) in an attempt to improve compliance, according to a report...
September 21, 2018
The Australian Securities & Investments Commission (ASIC) is looking to clamp down on “misleading” initial coin offerings (ICOs), Reuters reported. And, while Reuters reported that the market for ICOs in...
