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Showing 101 - 110 of 132 results for "AUSTRAC"

Australia lax in fighting financial crime

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... Australia has traditionally been "fairly passive" particularly in the anti-money laundering regulatory space. In light of AUSTRAC's anti-money laundering allegations against CBA, this could change, Waldren said, adding there has been a cultural shift ...

CBA chair defends executive bonuses

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... only alerted the ASX on August 4. Chair David Coleman pressed Livingstone on why CBA's board was more concerned about AUSTRAC launching the proceedings and not the underlying facts behind the allegations. "We took the action on remuneration because of ...

Cyber training is advice value-add: AUSTRAC

DARREN SNYDER  |  THURSDAY, 12 OCT 2017
AUSTRAC director strategic intelligence and policy David Hawkins believes there are opportunities for financial advisers to value-add by providing cyber training services. Speaking at the AFA 2017 National Adviser Conference on the Gold Coast, Hawkins ...

The 50 names you need to follow

DARREN SNYDER  |  TUESDAY, 10 OCT 2017
... and tech hacks to help grow the demand for financial advice. Colonial First State chief risk officer Anvij Saxena and AUSTRAC director of risk assessments David Hawkins will discuss adviser case studies on protection from cybercrime and explore what ...

BEAR regime must extend entire industry: Medcraft

JAMIE WILLIAMSON  |  WEDNESDAY, 13 SEP 2017
... do both," Medcraft said. Despite the various, ongoing investigations within Australia's banks - most notably ASIC and AUSTRAC's current inquiries into the Commonwealth Bank - Medcraft acknowledged that culture and conduct, along with accountability ...

APRA names heavyweight panel to investigate CBA

EMMA RAPAPORT  |  FRIDAY, 8 SEP 2017
... Maurice Blackburn with litigation funder IMF Bentham bank last week. CBA is also fighting a Federal Court action launched by AUSTRAC which accuses the bank of breaking anti-money laundering regulations on nearly 54,000 occasions. In addition, ASIC is ...

CBA class action moves forward

KARREN VERGARA  |  TUESDAY, 5 SEP 2017
... business, CBA said. The bank also confirmed yesterday it will file its defence to the civil penalty proceedings initiated by AUSTRAC by December 15. AUSTRAC will file its response by 16 March 2018. CBA said its board of directors will continue to oversee ...

Treasurer backs APRA's CBA probe

KARREN VERGARA  |  THURSDAY, 31 AUG 2017
... with APRA's decision to conduct an independent inquiry into CBA's governance and accountability frameworks, following AUSTRAC initiating legal proceedings for anti-money laundering allegations. In terms of appropriate action, he warned that "all options ...

APRA launches inquiry into CBA

EMMA RAPAPORT  |  MONDAY, 28 AUG 2017
... national head of class actions Andrew Watson alleged CBA shareholders suffered a significant share price drop in light of AUSTRAC's legal proceedings against the bank. "The AUSTRAC allegations are extensive and it is astounding that the market would ...

CBA faces shareholder class action

ALEX BURKE  |  WEDNESDAY, 23 AUG 2017
... and 3 August 2017. Maurice Blackburn noted that shareholders had suffered a "significant share price drop" in light of AUSTRAC's legal proceedings against the bank. Maurice Blackburn national head of class actions Andrew Watson explained: "AUSTRAC alleges ...