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Court penalises AMP $24 million for charging deceased customers

The Federal Court has found four companies that are or were part of the AMP Group breached the law when charging life insurance premiums and

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May 19, 2023

Former Australian Mines managing director fined $70,000, disqualified for two years

Former Australian Mines managing director, Benjamin Bell, has been fined $70,000 and disqualified from managing corporations for two years for breaching his duties as a

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May 12, 2023

Former Courtenay House contractor sentenced

Athan Papoulias of Brighton Le Sands, NSW, a former contractor to and promoter of Courtenay House investments, has been sentenced to two years’ imprisonment, to

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May 8, 2023

ASIC disqualifies Victorian director for three years

ASIC has disqualified Anthony Makris of Frankston Victoria, from managing corporations for three years due to his involvement in the failure of two companies. Between

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May 2, 2023

ASIC releases updated guidance for licensees on reportable situations

ASIC has today released updated guidance for industry on making notifications to ASIC under the reportable situations regime (formerly breach reporting). The updates to Regulatory

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April 27, 2023

Michael Dunjey’s Ascent Investment and Coaching Pty Ltd ordered into liquidation

The Federal Court has ordered that Ascent Investment and Coaching Pty Ltd (Ascent) be wound up on just and equitable grounds, together with the managed

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April 24, 2023

ASIC calls for improved approaches to scams as major bank customers report over $550 million in scam losses

ASIC is calling for all financial institutions to improve their approaches to handling scams after new ASIC analysis revealed that scam losses for major bank

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April 20, 2023

Redress for Woodford Equity Income Fund investors

Following our announcement of redress as part of our enforcement case against Link Fund Solutions (LFS), we explain what this means if you invested in

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April 19, 2023

Millions of customers together save nearly £1 billion due to overdraft rule changes

Improved overdraft rules brought in by the FCA have reduced high fees for unarranged borrowing, removed complex charging structures, and introduced help for those who

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April 19, 2023

Joint Regulatory Oversight Committee sets out recommendations for the next phase of open banking in the UK

Today, the Joint Regulatory Oversight Committee (JROC), co-chaired by the FCA and the Payment Systems Regulator (PSR), has published its recommendations for the next phase

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April 17, 2023
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