ASIC has today released its Enforcement Update for January to June 2021.
During this period, ASIC continued to pursue its enforcement priorities for a fair, strong and efficient financial system for all Australians.
Between January and June 2021, ASIC recorded the following enforcement outcomes:
- $29.6 million in civil penalties imposed by the courts;
- 133 people or companies prosecuted for strict liability offences;
- 70 people or entities removed or restricted from providing financial services or credit;
- 19 people disqualified or removed as directors of companies;
- Five people imprisoned and five more given non-custodial sentences;
- Three infringement notices issued;
- One court enforceable undertaking accepted by ASIC.
ASIC commenced 12 civil penalty proceedings during the period and commenced court action targeting misconduct in insurance, superannuation, markets, auditing and credit.
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