Normal
I think there are many Aussies who have or are running offshore to avoid ASIC regulation in many areas, including financial services. I imagine it is up to the authorities in the applicable jurisdiction to apply the law of the land, and in most cases that is much less onerous than what we face here. If it was serious enough you'd hope ASIC would alert the appropriate foreign entity, and there would be some co-operation.At the end of the day, it is impossible to protect people from themselves. There is always someone naive or greedy enough to fall for anything that comes across their desktop or lands in their inbox.
I think there are many Aussies who have or are running offshore to avoid ASIC regulation in many areas, including financial services. I imagine it is up to the authorities in the applicable jurisdiction to apply the law of the land, and in most cases that is much less onerous than what we face here. If it was serious enough you'd hope ASIC would alert the appropriate foreign entity, and there would be some co-operation.
At the end of the day, it is impossible to protect people from themselves. There is always someone naive or greedy enough to fall for anything that comes across their desktop or lands in their inbox.
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