Corporate Regulator ASIC Accused of Weak Punishments for White Collar Crimes

Corporate Regulator ASIC Accused of Weak Punishments for White Collar Crimes
Workers at an office in a stock photo. Monkey Business Images via Shutterstock
Updated:
A new report has raised questions about the efficiency of how corporate watchdog Australian Securities and Investments Commission (ASIC) used its powers to investigate and prosecute white-collar crime.  
Written by economist John Adams, the report shows that only 0.7 percent of suspected offences reported to ASIC were investigated in 2020, compared to two percent five years ago. 
Nina Nguyen
Author
Nina Nguyen is a reporter based in Sydney. She covers Australian news with a focus on social, cultural, and identity issues. She is fluent in Vietnamese. Contact her at [email protected].
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