ASIC warns consumers about investment scams

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During Consumer Fraud Week 2017, ASIC is reminding consumers to protect themselves against investment scams. ASIC Deputy Chairman Peter Kell said, ‘The Targeting Scams report published yesterday by the Australian Competition and

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Consumers warned about investment scams promising to assist access to trust funds

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ASIC urges the public to be wary of cold callers claiming that their investment proceeds have been stopped by ASIC and are being held for them in a trust. These

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ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services

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The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement,

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ASIC consults on establishing a Financial Services Panel

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ASIC has  released a consultation paper on its proposal to develop and implement a Financial Services Panel (the Panel). The Panel would add a strong element of peer review to

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ASIC releases further report on emerging market issuers

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ASIC published Report 521 Further review of emerging market issuers (REP 521) yesterday, which discusses ASIC’s views on emerging market issuer activity and highlights how ASIC has responded to the key

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ASIC cancels suspended Australian Financial Services licence for failing to lodge annual statements

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ASIC has cancelled the Australian Financial Services (AFS) licence of Parramatta-based company Rural & General Insurance Broking Pty Limited (RGIB) for failing to comply with their legal obligations and licence

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ASIC establishes Financial Advisers Consultative Committee

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ASIC yesterday announced the establishment of the Financial Advisers Consultative Committee, designed to improve industry engagement with its regulator, and revealed its initial membership. ‘ASIC has extensive engagement with participants

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Global Money Week: ASIC offers practical tips and resources to teach kids about money

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To mark Global Money Week (27 March – 2 April 2017), ASIC’s MoneySmart offers practical tips and resources for parents to help them teach children about money to establish good

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ASIC reports on how large financial advice firms have dealt with poor advisers

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ASIC has released the findings of its review of how Australia’s largest financial advice firms have dealt with past poor advice and non-compliant advisers, including how these firms have dealt

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ASIC launches new teaching resource to build the financial capability of Indigenous students

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ASIC has launched a new financial literacy teaching resource – Knowing, Growing, Showing – to support authentic learning opportunities for Indigenous students. The resource is aligned to the Australian Curriculum

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