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AUSTRAC to probe Sportsbet, Bet365 over money laundering concerns
AUSTRAC 2022-11-03 11:00 pm By Christine Caulfield

Sportsbet and Bet365 face an audit by AUSTRAC over their compliance with anti-money laundering and counter-terrorism financing laws.

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Wilson Security hit with second wage class action, this one run by lawyers
Employment 2022-11-02 11:21 pm By Christine Caulfield

A law firm has filed a class action against Wilson Security on behalf of employees who claim to have been underpaid, just weeks after a court shut down a group proceeding against the company brought by a self-represented worker.

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OTC derivatives trader can’t pause ASIC’s 8-year ban
Financial Services 2022-11-02 11:09 pm By Christine Caulfield

The former manager of over-the-counter derivatives provider Trade360 has been slapped with an eight-year ban by the corporate regulator and has lost a bid to stay the decision pending an appeal.

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IP firm Marquette resolves suit by lawyer allegedly fired for complaints of bullying
Intellectual Property 2022-10-31 1:33 pm By Christine Caulfield

Boutique firm Marquette IP has reached a settlement with a former trade mark attorney who claimed she was sacked for making complaints of bullying by a supervisor. 

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Ashurst lures back lawyer from Clayton Utz to grow digital economy team
Business of Law 2022-10-31 2:10 pm By Christine Caulfield

As part of expansion plans for its Canberra office, Ashurst has brought back Mathew Baldwin as a partner in its digital economy team to advise federal government agencies in digital and data projects.

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Meta wins access to info on ‘Sue Facebook’ tokens bankrolling crypto class action
Class Actions 2022-10-28 11:56 pm By Christine Caulfield

Digital giant Meta can access information on crypto tokens issued to fund a class action over Facebook’s ban on cryptocurrency ads, but the identities of those who have bought the tokens can be kept under wraps.

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Appearance of bias prompts ASIC push for Youpla special purpose liquidators
Restructuring & Insolvency 2022-10-28 11:46 pm By Christine Caulfield

A joint court application by ASIC and NSW Fair Trading calls for special purpose liquidators to claw back money from funeral insurer Youpla over concerns about the current liquidator’s relationship with the failed company’s former lawyer.

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ANZ cops $25M penalty for short-changing half a million Breakfree customers
Financial Services 2022-10-26 12:14 pm By Christine Caulfield

A judge has hit ANZ with a $25 million penalty in a case by the corporate regulator that alleged the bank short-changed hundreds of thousands of customers to the tune of $200 million.

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Albanese budget invests $360M in anti-corruption commission, First Nations legal aid
Policy and Regulation 2022-10-25 11:11 pm By Christine Caulfield

A historic $99 million package has been committed for legal programs for First Nations people in the Albanese government’s inaugural budget, which also earmarks $263 million to establish a national anti-corruption commission and scope out a federal judicial commission.

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ACCC accuses Fitbit of misleading consumers about refund rights
Competition & Consumer Protection 2022-10-24 11:09 pm By Christine Caulfield

The Australian Competition and Consumer Commission has dragged Google-owned Fitbit to court for allegedly telling consumers they had to mail in broken devices within 45 days in order to obtain a refund.

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