The regulator’s whistleblower program, which pays for information resulting in significant enforcement action, has awarded more than US$179 million to 50 whistleblowers thus far
The ASIC calls on the financial industry to heed the results of new academic research into effective whistleblowing.
Employee reported “hard-to-detect” breaches of securities laws
A former manager must be reinstated and paid an award of US$5.4 million for being terminated after reporting suspected fraud at the U.S. bank
The regulator also plans to review derivatives markets, climate change disclosure, energy sector regulation and fintech in the next three years