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Showing 111 - 120 of 132 results for "AUSTRAC"

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... search process. Responding to media this morning, Livingstone resisted suggestions the decision was linked to the recent AUSTRAC scandal, focusing rather on what she described as the normal course of succession for a chief executive who has been in the ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... remain competitive." Despite the positive outlook, the results presentation was marred somewhat by the recent news that AUSTRAC has initiated Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... regard to the civil penalty proceedings initiated last week by the Australian Transaction Reports and Analysis Centre (AUSTRAC). "In advance of the presentation of CBA's financial results tomorrow, the board advises that it has decided to reduce to zero ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
The Commonwealth Bank says its failure to notify AUSTRAC of more than 53,000 large cash deposits in its intelligent deposit machines was caused by a software error which was not discovered for more than two years. In a public statement CBA outlined ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
... allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering ...

AUSTRAC launches tool to help advisers fight terrorism

ALEX BURKE  |  TUESDAY, 2 MAY 2017
Financial intelligence agency AUSTRAC is releasing a guide to help financial advisers combat serious financial crimes, including financing for terrorism. The guide follows on from the report AUSTRAC released in December last year which determined there ...

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... terrorism financing in the Australian financial planning industry. The Australian Transaction Reports and Analysis Centre (AUSTRAC), the government's financial intelligence agency, found the advice sector "attracts a moderate level of exploitation by ...

AUSTRAC improves indigenous super access

DARREN SNYDER  |  THURSDAY, 7 JUL 2016
... Institute of Superannuation Trustees supports new guidance from the Australian Transaction Reports and Analysis Centre (AUSTRAC) making it easier for Aboriginal and Torres Strait Islander peoples to access the superannuation system. AIST executive manager ...

Industry reacts to ASIC reforms

ALEX BURKE  |  THURSDAY, 21 APR 2016
... the Government should consider adopting possible exemptions for small business operators similar to the system used by AUSTRAC. Association of Financial Advisers chief executive Brad Fox made similar comments, arguing: "The benefits in financial, relationship ...

ACSA awards best custody executives

LAURA MILLAN  |  TUESDAY, 19 MAY 2015
The Australian Custodial Services Association (ACSA) has recognised the industry executives who made contributions to the custody industry in the 2015 ACSA Awards. HSBC Securities Service manager of corporate actions Alvaro Martinez, Merrill Lynch head ...