Aussie Telco KYC Failures Prompt Large Fine
Circles.Life was given an AUD199,800 fine and will pay another AUD100,000 to compensate customers after failing to perform identity checks that would have stopped frauds.
By Eric Priezkalns 17 Aug 2022 Risk, Fraud & Security
Circles.Life was given an AUD199,800 fine and will pay another AUD100,000 to compensate customers after failing to perform identity checks that would have stopped frauds.