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Showing 1061 - 1070 of 2458 results for "Court"

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... penalty would have been $10,962,000. In handing down her sentence, Magistrate Atkinson of Sydney's Downing Centre Local Court said there was a "significant need for deterrence" and added those who market and sell insurance products "must ensure that ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... of 23 million breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC last week applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money Laundering and Counter ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... million alleged breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC last week applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money Laundering and ...

Dover, McMaster found guilty

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
The Federal Court has found Dover Financial Advisers and Terry McMaster guilty in the case brought against them by ASIC. In a judgement handed down on Friday, Dover Financial Advisers and Terry McMaster have been found guilty of false, misleading and ...

Grandfathering phase out tussle continues

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... billion of product failure that has been unfairly blamed on the advice community," Johnston said. The AIOFP is mounting a High Court challenge against the banning of grandfathered remuneration. "We think it is too heavy handed to be shutting down grandfathered ...

Tropical theme Ponzi scheme busted

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... investors to conceal their fraudulent conduct and give the investors the false impression they were generating positive returns. Court documents filed by the SEC claim investors lost between US$25,000 and US$1.1 million since 2014. The SEC said they ...

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
... 23 million alleged breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC has applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money Laundering and Counter ...

IOOF completes licence conditions

ELIZABETH MCARTHUR  |  FRIDAY, 15 NOV 2019
... when it failed to establish a dedicated superannuation trustee function by the deadline. In September 2019, APRA lost a court action against IOOF and five of its senior officers in which it alleged that they had breached superannuation law.

NAB faces half a billion in fines

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2019
... breaching credit legislation 255 times over its axed introducer program for mortgages. NAB has filed documents in the Federal Court admitting to 255 of the 295 breaches of the Consumer Credit Protection Act alleged by ASIC. ASIC launched legal action ...

Financial services the most unethical industry

HARRISON WORLEY  |  TUESDAY, 12 NOV 2019
The financial services industry continues to take a beating in the court of public opinion, with new research showing Australian consumers see the banking and finance industry as the most unethical sector in the country. Released today by the Governance ...