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Showing 121 - 130 of 693 results for "Fraud"

Audit inquiry overlooks vertical integration

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
... arise in providing both auditing and consulting services, as well as how effective auditors are in detecting and reporting fraud and misconduct. The final report recommended audit firms establish defined categories and disclosure fees received for audit ...

Former advisers face huge fines

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
... him fined $21,000 or face two year in prison for each offence. Additionally, Acworth has been charged with five counts of fraud which has a maximum penalty of 20 years in prison. Acworth was a Macquarie Equities adviser between 2015 and 2018. Acworth ...

SMSF fraudster charged

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
A Brisbane man has been found guilty in the District Court of six counts of fraud in obtaining funds from SMSF investors. Craig Kirrin Gore was first arrested in April 2017 and charged with fraud after he obtained $800,000 from SMSF trustees between ...

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense". VOFF secretary John ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... Collection to be reported on a monthly basis through to 31 January 2021. This means APRA will be putting a greater focus on fraud risk and prevention in the early release scheme. Funds will need to tell the regulator how many total fraud incidents, both ...

Man arrested over investment scam

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
An investigation by the Australian Securities and Investments Commission has culminated in an arrest over a suspected investment scam. The 42-year-old Melbourne man was arrested following a joint investigation by ASIC and Victoria Police E-Crime Squad ...

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
... are also often involved in other organised criminal activities that impact our community, such as identity and financial fraud." The financial crime guide aims to educate the businesses AUSTRAC regulates to help them detect suspicious financial activity ...

Adviser sentenced to eight years' prison

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... said the admission came during the Royal Commission and that perhaps Dick felt he would no longer be able to keep up his fraud. Synchron's compliance manager then flew to Townsville, where Dick was based, eventually escalating the issue to the police. ...

TPB bans tax agent over COVID-19 fraud

ALLY SELBY  |  FRIDAY, 9 OCT 2020
The Tax Practitioners Board (TPB) has terminated the company registration of Sydney-based tax agent after she attempted to exploit a COVID-19 stimulus measure for over $20,000. The TPB determined TLL Tax Pty Ltd and its director Liying Tong breached ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... interstate or foreign commerce through a pattern of racketeering activity", as well as "one count of conspiracy to commit wire fraud affecting a financial institution, bank fraud, commodities fraud, price manipulation and spoofing; one count of bank ...