The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Treasurer considers axing commission loophole for listed funds – 28 January 2020
Treasurer Josh Frydenberg, is looking into closing a loophole that allows financial advisers or stockbrokers to receive lucrative commissions, for selling poorly performing listed investment funds to mum and dad investors.
(AFR subscription required to read article.)
OAIC investigates ‘dangerous’ face recognition app – 28 January 2020
The Australian Privacy Commissioner has launched an inquiry into “Clearview AI”, a facial recognition app. It claims that by using a photo of a suspect the App could find other images and information about them across the internet. The app has led to serious concerns over privacy and the invasive and unreliable nature of facial recognition technology.
https://www.innovationaus.com/oaic-investigates-dangerous-face-recognition-app/
Australia’s Reserve Bank considering ethereum-based blockchain – 28 January 2020
Its up to the Australian regulators to make sure that digital crypto currency transactions grow and are ‘safe’. Australia is now considering the launch of its own, Reserve Bank-regulated cryptocurrency – CBDC (Central Bank Digital Cryptocurrency).
https://www.coinnewsspan.com/australias-reserve-bank-considering-ethereum-based-blockchain/
Canberra urged to join the data sharing action – 27 February 2020
The Commonwealth Bank has argued that greater access to public and private data (like ATO data) could help to reduce fraud, regulatory costs and credit risks. This is part of the new ‘open banking’ system that will allow consumers to securely share bank-held financial records.
