Tag: ASIC

Anti-Scam Centre launches first ‘fusion cell’

The new National Anti-Scam Centre has launched its first so-called “fusion cell”, pulling together experts from regulators and industry to work on identifying ways of disrupting investment scams. The Australian Competition and Consumer Commission, which operates the centre, announced yesterday that representatives from the ACCC, ASIC, banks, telcos and digital platforms will work on the […]

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Treasury Laws Amendment Bill – Arming ASIC

The Treasury Laws Amendment was passed last month, which will introduce some major changes to existing penalty provisions affecting companies, financial service providers, insurers and credit providers. These changes will enable ASIC to pursue harsher penalties for those who have breached corporate laws in Australia designed to protect its citizens.  […]

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