Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 132 results for "AUSTRAC"

ASX managed fund service gets go-ahead

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
... set to launch at the beginning of the second quarter this year. The Australian Transaction Reports and Analysis Centre (AUSTRAC) gave the new service the go ahead last week. It has already received approval from the Australian Securities and Investments ...

Advisers should train to fight tax evasion: FPA

LAURA MILLAN  |  THURSDAY, 23 JAN 2014
The Australian Transaction Reports and Analysis Centre (AUSTRAC) should train financial advisers on identifying and avoiding cases of tax evasion and money laundering, the Financial Planning Association (FPA) said. The FPA general manager of policy ...

ASX managed funds services gets ASIC nod

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
... gave it the go-ahead. However, the ASX must await approval from the Australian Transaction Reports and Analysis Centre (AUSTRAC) before it can go live. The mFund Settlement Service, previously known as the ASX Managed Fund Service, will give retail investors ...

ASIC backs down on custody whistleblowing requirements

JAMES FERNYHOUGH  |  FRIDAY, 22 NOV 2013
... ordinary course of its business, including through anything detected via its existing AML/CTF Act program (governed by AUSTRAC)." ASIC determined that the requirements would apply only to the responsible entity, and not the custodian. The regulator also ...

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... organised investment fraud in the last five years," Clare said. The Australian Securities and Investments Commission (ASIC), AUSTRAC and the Australian Tax Office are working with the ACC as part of Task Force Galilee, which is "seeking to disrupt Serious ...

Improving admin could stop fraudsters: SPAA

MICHAEL HOBBS  |  THURSDAY, 26 NOV 2009
... these suggestions seriously. "I know the Australian Tax Office is reviewing their processes at the moment. I know that AUSTRAC has this firmly in their view as do police departments," she said. "Fraud is always going to be around but it's about how we ...

AUSTRAC to probe anti-money laundering breaches

MICHAEL HOBBS  |  THURSDAY, 2 JUL 2009
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has accepted enforceable undertakings from Barclays Bank PLC and Mega International Commercial Bank Co for breaching anti-money laundering and counter terrorism laws. An AUSTRAC statement ...

AUI and DirectPortfolio adopt AML service

MICHAEL HOBBS  |  TUESDAY, 25 NOV 2008
... most financial administration systems and OneVue plans to enhance the product to electronically submit applications to AUSTRAC. The Anti-Money Laundering and Counter Terrorism Financing Act received Royal Assent in 2006. The legislation covers the finance ...

New tech counters terrorist attacks

RUTH LIEW  |  MONDAY, 7 JUL 2008
... enables local organisations to comply with reporting requirements to the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia's anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. ...

Members require ID checks

MICHAEL HOBBS  |  THURSDAY, 13 DEC 2007
... fund members. "ASFA has worked closely with the government and the Australian Transaction Reports and Analysis Centre (AUSTRAC) to develop an AML regime that recognises the special needs of the superannuation industry," Vamos said. To assist reporting ...