October 4, 2019 / 1:19 AM / 20 days ago

Australia securities regulator charges CBA insurance arm with "hawking" offences

Oct 4 (Reuters) - Australia’s securities regulator said on Friday Commonwealth Bank of Australia’s insurance arm has been charged with “hawking” offences related to unsolicited phone calls to sell its products.

The Australian Securities and Investments Commission said that Colonial Mutual Life Insurance Society Ltd, trading as CommInsure, has been charged with 87 counts of offering to sell insurance products in the course of non-compliant unsolicited telephone calls. (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Muralikumar Anantharaman)

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