ASIC enforcement update January to June 2019August 18, 2019

ASIC has today released its enforcement update report for the period 1 January 2019 to 30 June 2019. A copy of the report – outlining key actions taken over the past six months to enforce the law and support our enforcement objectives – can be found here
The report covers ongoing areas of focus, including a foreword from ASIC Deputy Chair Daniel Crennan QC discussing ASIC’s Office of Enforcement and new laws to further strengthen ASIC’s enforcement powers.
Between July 2018 and June 2019 ASIC increased:
› the number of ASIC enforcement investigations by 20%
› enforcement investigations involving the big six (or their officers or subsidiary companies) by 51%
› wealth management investigations by 216%.

report is also attached here >>>rep625-published-18-august-2019

 

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