The Australian Prudential Regulation Authority (APRA) has agreed to accept a court enforceable undertaking (CEU) from OnePath Custodians Pty Limited (OPC) pledging to rectify compliance deficiencies and compensate members. OPC has also paid $10,704,600 under infringement notices issued by APRA for alleged breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act) for failing to invest members’
The Federal Financial Supervisory Authority (BaFin) has evidence indicating that the company Pavagenis S.L. of Marbella, Spain, represented by its manager Walter Jörns Bühner, is using the website profitwallet.expert to…
The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Globalaurus and the services it is offering. BaFin has information that the company is offering banking business and/or financial…
Home News & Events Press Releases Press Release July 19, 2024 Federal Reserve Board issues enforcement action with Jiko Group, Inc. For release at 2:00 p.m. EDT The Federal Reserve Board on Friday announced the execution of the enforcement action listed below: Jiko Group, Inc., San Francisco, California Cease and Desist Order dated July 16
July 19, 2024 Federal Reserve Board takes action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million for numerous unfair and deceptive practices and a deficient consumer compliance risk management program For release at 1:30 p.m. EDT The Federal Reserve Board on Friday took action to address consumer compliance breakdowns by
