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Brokers banned over fraud – 1 May 2018
The Australian Securities and Investments Commission (ASIC) has permanently banned three Sydney-based mortgage brokers from engaging in credit activities following an investigation that found they had provided false pay slips to Westpac on behalf of customers to lodge home loan applications.
https://www.moneymanagement.com.au/news/policy-regulation/brokers-banned-over-fraud
China is building a vast civilian surveillance network — here are 10 ways it could be feeding its creepy ‘social credit system’ – 29 April 2018
China is setting up a vast surveillance system that tracks every single one of its 1.4 billion citizens – from using facial recognition to name and shame jaywalkers, to forcing people to download apps that can access all the photos on their smartphones.
Tax agent steals $1.3 million, leaving clients to face ATO bill – 29 April 2018
A Maserati-driving tax agent from Beaumaris has pleaded guilty to dozens of fraud and dishonesty offences after stealing more than $1.3 million from 15 clients and almost $2.8 million from the Australian Tax Office.
ASIC investigates Nick Bolton – 26 April 2018
Activist investor Nicholas Bolton is being investigated by the corporate regulator for acting as a “shadow” manager of Aurora Funds Management and Keybridge Capital and faces further penalties and bans.
http://www.afr.com/business/asic-investigates-nick-bolton-20180426-h0z9j7
