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Showing 81 - 90 of 131 results for "AUSTRAC"

Indigenous super access needs improvement

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
Two years since AUSTRAC updated its guidance on overcoming identification issues for Indigenous people, there is more work to be done on the superannuation industry front. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... superannuation funds they are serious targets for financial criminals, and provided advice on how to avoid getting stung. AUSTRAC released a guidance paper to the superannuation sector, outlining the risks facing the guardians of Australia's nest eggs. ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... than expected costs of the bank's multi-year financial crime compliance program of action. This was launched after the AUSTRAC anti-money laundering penalty announced in June. The provision is in addition to its remediation provisions for Credit Card ...

Australia behind when it comes to pay transparency: AXA IM

HARRISON WORLEY  |  FRIDAY, 14 SEP 2018
... things such as executive remuneration and disclosure." Referring to the recent $700m civil settlement between CBA and AUSTRAC over the bank's contravention of anti-money laundering and counter terrorism laws, Christensen said executive pay was becoming ...

Royal Commission on social media: Former Treasurer weighs in

HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... increase of 35% last year, taking home almost $3 million. No obvious culture change here, despite the Royal Commission, AUSTRAC and a litany of ripoffs #auspol - Wayne Swan (@SwannyQLD) August 8, 2018 Former Federal Treasurer Wayne Swan said cultural ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... of $9.2 billion. CBA said its FY18 profit is down 4.8% on the previous year, hindered by items such as the $700 million AUSTRAC penalty, the removal of ATM withdrawal fees and the major bank levy. CBA chief executive Matt Comyn acknowledged a challenging ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
Commonwealth Bank will pay $700 million to resolve civil proceedings brought against it by AUSTRAC for contravening anti-money laundering and counter-terrorism laws - almost double what it anticipated. CBA has announced it reached an agreement with ...

Spaceship beefs up senior management

KANIKA SOOD  |  MONDAY, 14 MAY 2018
... worked as BT Financial Group's chief compliance officer, ASIC's company secretary and has been on advisory panels to ASIC, AUSTRAC and other Australian regulators. The appointments are in response to Spaceship and trustee Tidswell Financial Services' ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... week before ASIC acquired its ACCC powers, Australia's first laws for cryptocurrency service providers were announced. AUSTRAC's new suite of cryptocurrency laws will regulate digital currency exchange providers when they come into effect mid-May. Meanwhile ...

Cryptocurrency service providers now regulated: AUSTRAC

HARRISON WORLEY  |  THURSDAY, 12 APR 2018
AUSTRAC has implemented the first laws for cryptocurrency service providers operating in Australia as the financial intelligence agency looks to mitigate criminal risk in the sector. AUSTRAC's new suite of cryptocurrency laws will regulate digital currency ...