Enforcement/afcaCWLTH

AFCA systemic-issues referrals (2023-24)

systemic referral15 Sept 2024

Facts

AFCA referred 300+ systemic issues to financial firms and regulators arising from complaint patterns including poor disclosure, unauthorised transactions and scam compensation.

Outcome

Firm-level remediation; regulator notification; consumer compensation.

Read the source

https://afca.org.au/news/systemic-issues

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