CBA has offered A$9.3mn to compensate customers whose advice was reviewed under the 2014 licence conditions imposed on its financial planning entities.
The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam's Sacombank.
OTC derivatives platforms offering services to foreign retail investors may be breaking overseas laws, which may be inconsistent with local obligations to provide services ‘efficiently, honestly and fairly’.
Taiwan has passed a legislative amendment raising the ceiling for fines against Chinese investment into local companies without authorisation.
Three individuals have received lengthy bans, in addition to jail terms, for "criminal conduct at the expense of their customers".
The employee allegedly used a group supervisor's password to access the funds, which were used to buy apartment units in the US, Greece and Japan.
Standard Chartered Bank will pay $947mn to US authorities for poor AML controls and sanctions breaches, and $134mn to the UK FCA for AML breaches.
Goldman Sachs India Investment, along with three other offenders, has been fined for naked shorting by South Korean authorities
A new law has made it mandatory for all financial firms to fully cooperate with AFCA to resolve consumer and small business disputes.
ASIC can intervene where financial and credit products put consumers at risk; APRA can intervene to prevent harm to superannuation members.