The Federal Court has ordered Westpac to pay a $3.3 million penalty for its involvement in setting the BBSW in 2010. ...

Dishonestly using his position to gain benefits in the amount of $800,000 has seen a former Gold Coast financial adviser sentenced to two-and-a-half years in prison by th...

Victims of Financial Fraud has written to Treasurer Josh Frydenberg to remind him how vehemently the party objected to holding a Banking Royal Commission. ...

The Federal Government is moving to introduce legislation which will have the effect of doubling the criminal and civil penalties which can be imposed against both corpor...

The Australian Securities and Investments Commission has banned a former AMP financial adviser for five years, after finding that he gave advice which was “well below com...

The Turnbull Government will strengthen criminal and civil penalties for corporate and financial misdeeds, following revelations of staggering misconduct in this week’s R...

The Financial Ombudsman Services has told the Royal Commission that planners/advisers have accounted for more than a third of serious misconduct cases identified since ea...

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry will kick off its public hearings on Monday, 12 February....

The ABA has released a new conduct background check protocol to clamp down on individuals with a history of misconduct and have moved between jobs undetected....

ASIC has proposed imposing tougher breach reporting obligations on banks and financial services firms for significant breaches and misconduct in a consultation paper....

Regulatory and technological developments could aid in better detecting and responding to misconduct, according to Greg Medcraft....

Breach reporting standards by the Big Four banks and AMP have been found wanting with an ASIC report finding institutions were failing to report adviser breaches on time....

The Victorian Supreme Court has prevented a law firm from proceeding with a proposed class action against IOOF in relation to allegations that it breached its obligations...

ASIC has cancelled the Australian financial services license held by Marigold Falconer International Limited....