On 3 May 2024, Ali pled guilty to five charges of fraud amounting to $771,303 AUD, after which the Brisbane District Court imposed the sentence on 27 May 2024. He allegedly misappropriated the trading and investment funds of clients. According to ASIC, DanFX Trade ran an unlicensed foreign exchange. The financial watchdog found that between…
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The Australian Securities and Investment Commission (ASIC) today announced that its application to the Federal Court for the winding up of Aviation 3030 Pty Ltd (Aviation), a company based in Melbourne, was successful and that the court has granted orders to wind up Aviation due to a legitimate lack of confidence in the management team…
Read moreThe Australian Securities and Investments Commission (ASIC) and the Australian Government Department of Jobs and Small Business (DJSB) have today announced the signing of a Memorandum of Understanding (MOU). ASIC Commissioner John Price and Secretary of the Department of Jobs and Small Business, Ms Kerri Hartland, today announced the MOU to facilitate the agencies working…
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The Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC) have re-affirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. The FMA and ASIC entered a wide-ranging Memorandum of Understanding (MoU) in 2012. Today in Sydney, senior executives from both regulators discussed the opportunities and challenges…
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The Australian Securities and Investments Commission (ASIC) has again warned its Registry customers to be vigilant of scam emails purporting to be from ASIC. Some customers continue to receive emails claiming to be from ASIC, containing attachments or links to fake invoices. These fake emails appear similar to ASIC emails and generally instruct the recipient…
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