Article claims that ASIC would rather pursue Bank misconduct and corresponding law enforcement by “words” rather than prosecute or issue fines. The regulators arrange for the banks to: (1) recognise ASIC’s concerns without admitting wrongdoing; (2) accept a remediation process; and (3) make a tax deductible “Community Benefit Payment”.
Investigation: How the Government is Punishing Bank Crimes with Tax Breaks – 30 November 2018
by admin | Nov 30, 2018 | News & Analysis |