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ASIC Disqualifies Director for Five Years Over 20 Company Failures

The Australian Securities and Investments Commission (ASIC) has disqualified Vincenzo Frank Tesoriero from managing corporations for five years due to his involvement in the failure of 20 companies. The disqualification stems from findings of improper conduct, including facilitating fraudulent transactions and mismanaging company funds.

ASIC Disqualifies Simon Raftery from Managing Corporations

The Australian Securities and Investments Commission (ASIC) has disqualified Simon Raftery from managing corporations for two and a half years due to his involvement in five failed companies. These companies owed approximately $43 million to creditors.

Capital Mining Limited Directors' Charges Discontinued

The Office of the Director of Public Prosecutions (Cth) has discontinued charges against former Capital Mining Limited directors Peter Dykes, Anthony Dunlop, and Peter Torney. ASIC considers the matter finalised following this decision.

Remedy Housing Officers Sentenced for Dishonesty Offences

Three former Remedy Housing officials, Brent Smith, Mahmoud Khodr, and Fue Mano, have been sentenced for dishonesty offences related to promoting interest-free mortgages. The company received $1.83 million in deposits from 107 customers, with significant misappropriation of funds by the officials.

ASIC bans financial adviser Raluca Terheci for six years

The Australian Securities and Investments Commission (ASIC) has banned financial adviser Raluca Terheci from providing financial services for six years. ASIC found she provided inappropriate advice and made false and misleading statements to clients regarding high-risk investments.

Autorité de la concurrence Sanctions BTP Sud for Unfair Trading Conditions

The Autorité de la concurrence has sanctioned BTP Sud with a fine of €148,094 for abusing its dominant position in the aggregates supply market in Wallis and Futuna. BTP Sud imposed unfair trading conditions on the Administration Supérieure du Territoire, including refusing to sell and imposing unjustified price increases.

Autorité de la concurrence Inspects Private Passenger Transport Sector

The Autorité de la concurrence has conducted an unannounced inspection of a company in the private passenger transport sector suspected of anticompetitive practices. This action does not prejudge guilt but initiates an investigation into alleged violations.

Real Estate Agency Fined 100,000 EUR

The Croatian Personal Data Protection Agency (AZOP) has fined a real estate agency 100,000 EUR for violations related to data protection. The agency also announced a conference on Data Protection in AI Systems.

Croatian Data Protection Agency Fines Real Estate Agency

The Croatian Personal Data Protection Agency has imposed a EUR 100,000 fine on a real estate agency for processing personal data in violation of the GDPR. The agency acted as a data controller and processed data contrary to the regulation's provisions.

Real Estate Agency Fined EUR 100,000 for GDPR Violations

The Croatian Personal Data Protection Agency has fined a real estate agency EUR 100,000 for violating GDPR provisions. The agency acted as a controller and processed data contrary to the regulation.