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ASIC has wasted no time in the wake of a critical report from the banking royal commission, reporting a 50 percent spike in investigations into financial services companies since the beginning of the month and promising a number of criminal referrals are on the horizon.
Investigations into white collar crime and corporate misconduct are expected to increase significantly following the passage of a wide-ranging package of amendments to the country's whistleblower laws.
A former mining executive has been sentenced to 18 months in prison for buying shares in ASX-listed Minotaur Exploration based on information gleaned through a joint venture with the mining exploration company.
The government has thrown its support behind a proposal to give the Federal Court jurisdiction to hear white collar criminal matters.
Banking royal commissioner Kenneth Hayne has recommended at least two unnamed entities face criminal charges for dishonest conduct connected to their fees for no service practices, an offence that carries a maximum penalty of 10 years' jail or a hefty fine, or both.
Clive Palmer has lost a fight to stay criminal proceedings alleging his company breached takeover laws, with a judge slamming the Queensland mining tycoon's claims the charges were politically motivated and saying there was "nothing exceptional" to warrant interference from the court.
A former solicitor with Sydney law firm Atanaskovic Hartnell was jailed Wednesday for a minimum of three years in a fraud case a judge called a "sad illustration of the moral delinquency" of online betting in Australia.
The Australian Competition and Consumer Commission is taking a look at its program for granting leniency to cartel whistleblowers in the wake of changes that make it easier for the regulator to bring cartel cases over collusive conduct.
Former Reserve Bank of Australia official Christian Boillot was sentenced Thursday to a two and a half years' suspended jail term over his role in a conspiracy to bribe foreign officials to win banknote business.
The Reserve Bank of Australia's two banknote subsidiaries pleaded guilty to foreign bribery charges in 2011 and paid fines of more than $21 million, it was revealed Wednesday after a seven-year suppression order was lifted.