We have reviewed the findings of the initial independent report, commissioned by NatWest, into decisions on potential account closures and data protection breaches. This report, and additional information we have considered, has highlighted potential regulatory breaches and a number of areas for improvement. These include: the firms’ processes, systems and controls around how they consider …
ASIC has prosecuted 100 individuals from 1 January 2023 to 30 June 2023 for failing to assist registered liquidators. These prosecutions follow the failure of company officers and other individuals to comply with key governance obligations to provide registered liquidators with access to company books and submit a report on company activities and property (ROCAP) …
ASIC prosecutes 100 individuals for failing to assist registered liquidators Read More »
ASIC has obtained interim orders from the Federal Court freezing the funds and assets of Australian Financial Services licensee Brite Advisors Pty Ltd (Brite). ASIC’s application for these orders was made because ASIC is concerned that: the current financial position of Brite is unknown, as Brite has failed to lodge with ASIC its financial statements …
Federal Court freezes funds and assets of Brite Advisors Read More »
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