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News This Week in Penalties: 19 May 2023
This Week in Penalties: 19 May 2023
AMP Life Limited and AMP Financial Planning will pay a $24 million penalty for charging 2000 deceased customers even after being notified about their deaths.
MLC will pay a $ 10 million penalty for failing to pay promised benefits.
The Australian Securities and Investments Commission (ASIC) has commenced civil proceedings against Money3 Loans for failing to assess whether borrowers meet their repayment requirements before entering into loan contracts.
The Australian Securities and Investments Commission (ASIC) investigation has led to Linda Marsen for a part in 29.5 million fraud against six investors.
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