Australia 'paradise' for white-collar criminals, says ASIC chairman Greg Medcraft

By Sue Mitchell
Updated October 22 2014 - 1:23am, first published 12:24am
Tougher stance: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton
Tougher stance: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton
Tougher stance: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton
Tougher stance: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton
Tougher stance: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton
Tougher stance: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton
Change: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton
Change: Chairman Greg Medcraft said ASIC's enforcement actions will be more transparent. Photo: Ben Rushton

Australia is a "paradise" for white-collar criminals because of its soft punishment of corporate offences, the Australian Securities and Investments Commission chairman, Greg Medcraft, says.