Name: QUICKOPTIONSINVESTMENT Email: [email protected] Website: www.quickoptionsinvestment.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.
ASIC has commenced proceedings against PayPal Australia Pty Limited (PayPal) alleging that its standard form contracts with small business customers contain an unfair contract term. The case involves a contract term that gives PayPal business account holders 60 days to notify PayPal of any errors or discrepancies in fees that PayPal has charged them, or …
ASIC sues PayPal Australia for alleged unfair contract term with small businesses Read More »
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published the annual update of its Reporting Manual on the European Single Electronic Format (ESEF). ESMA updated the ESEF Reporting Manual to provide technical improvements, such as: clarifying the formats of images embedded in the xHTML document; updating Data Type …
ESMA updates the European Single Electronic Format Reporting Manual Read More »
Acting to fight crime Black bin liners stuffed with £700,000. An international deal for PPE kit. A widow transferring money to her online love interest… What do these cases all have in common? They all had links to financial crimes and should have raised suspicious activity reports. In the first case, despite bulging black bin …
Name: CLEFBANK Address: 130 Broadway, Didcot, Oxfordshire, UNITED KINGDOM, OX11 8RG Telephone: +447466476253 Email: [email protected] Website: https://clefbank.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the …
The Commonwealth Director of Public Prosecutions (CDPP) has withdrawn its charges against Peter Challis, the former Chief Executive Officer of WAW Credit Union Co-Operative Limited (CEO). Following an ASIC investigation, Mr Challis was charged with one count of failing to discharge his duties in good faith in the best interests of a corporation (refer 18-309MR). …
Charges against former credit union CEO withdrawn Read More »
The Federal Court has ordered a $1.2 million penalty against ACBF Funeral Plans Pty Ltd (in liquidation) (ACBF) for misrepresenting the sale and promotion of funeral expense insurance to Aboriginal people. The Court found that ACBF represented to ACF plan holders that they would receive a lump sum payment of their chosen benefit amount, when …
ACBF Funeral Plans penalised $1.2 million by Federal Court Read More »
ASIC is taking aim at the broad distribution of over-the-counter (OTC) derivatives and other high-risk retail products after a recent targeted review found significant room for improvement in how they meet their design and distribution obligations (DDO). ASIC Deputy Chair Karen Chester said, ‘ASIC is disappointed that some high-risk retail product issuers have changed little …
ASIC has commenced civil penalty proceedings in the Federal Court against Westpac Banking Corporation for failing to respond to customers’ hardship notices within the time required by law. ASIC alleges that between 2015 and 2022, a deficiency with Westpac’s online hardship notice process resulted in 229 Westpac customers not receiving a response to their hardship …
ASIC sues Westpac for failing to respond to hardship notices Read More »
ASIC proposes to remake ASIC Class Order [CO 13/1050] Financial reporting by stapled entities. Under the Legislation Act 2003, legislative instruments cease automatically, or ‘sunset’, after 10 years, unless they are remade before the sunset date. The purpose of sunsetting is to ensure that instruments are kept up to date and only remain in force …
ASIC proposes to remake financial reporting legislative instrument Read More »
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