Daniel Crennan QC, the head of ASIC’s new enforcement unit, applauded the “astronomical” fines, “crippling” and long custodial sentences now attached to white-collar crime.
Read more at the Financial Review.
ASIC wants profit confiscation powers, criminal division of Federal Court
Not yet satisfied it has all it needs to fight corporate malfeasance, the Australian Securities and Investments Commission has stepped up pressure on Canberra to create a criminal division of the Federal Court and to grant the regulator "humiliating" disgorgement powers.
