Banking and finance

High Court rules in ASIC’s favour in appeal against Full Court decision in Block Earner case

High Court rules in ASIC’s favour in appeal against Full Court decision in Block Earner case

Ruling deems Block Earner product a financial product under ss 763B, 761D of Corporations Act

Federal Court sets $300.2m penalties in contracts-for-difference case – highest ever for ASIC matter

Federal Court sets $300.2m penalties in contracts-for-difference case – highest ever for ASIC matter

Historic penalties reflect egregious CFD issuer misconduct: ASIC chair Sarah Court

Westpac faces $26m penalty for failing to respond to vulnerable customers

Westpac faces $26m penalty for failing to respond to vulnerable customers

Amount sends clear message to lenders to do better when customers seek help: ASIC deputy chair

ASIC breaks down timeline to implement financial services licensing reforms

ASIC breaks down timeline to implement financial services licensing reforms

New regime covers digital asset and tokenised custody platforms

Federal Court orders EOS to pay $4m for continuous disclosure breach

Federal Court orders EOS to pay $4m for continuous disclosure breach

Board and senior management's involvement made breach more serious, court found

Federal Court imposes $10m penalty on Binance for retail client misclassification

Federal Court imposes $10m penalty on Binance for retail client misclassification

Penalty comes on top of $13.1m Binance already paid in client compensation