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| | | ... submitted in response to the proceedings commenced by AUSTRAC, the bank said its Intelligent Deposit Machines (IDMs) "did not adequately adhere" to risk assessments, leading to "the same single systems-related error," hence failed to submit 53,506 threshold ... |
| | | | Westpac has chosen a Sydney-based executive as its new APAC general manager. Michael Correa will be responsible for overseeing all of Westpac's business operations and client, partner and regulator relationships in Asia-Pacific in his new role. He will ... |
| | | | ... clients' money, Budden said, starting with technological disruption that is going to continue for some time. He urged advisers not to overlook the companies in the tech industry food chain - a spiral of companies that make the devices connected to the ... |
| | | | ... terms of the EU, to engage with our advisers." He continued: "In the context of whether these $70,000 fines are adequate or not, or over the top, or unfair in circumstances where nobody else has been prosecuted - well, Justice Edelman conceded that there ... |
| | | | Looking at the Australian Bureau of Statistics' (ABS) latest update on the country's labour market, one couldn't help but exclaim that it was a wonderful set of (seasonally adjusted) numbers. The economy added another 17,500 jobs in February following ... |
| | | | ... awry." While Fed chief Powell noted that the potential for a trade war - sparked by Trump's tariff on steel and aluminium - has not been factored into the Fed's economic outlook, he did reveal that, "Our FOMC participants reported in that they'd heard ... |
| | | | Capital Group investment director Andy Budden believes if you have the requisite experience with different economic cycles, a moderately inflationary environment can be good for equity investors. Speaking at a media briefing in Sydney, Budden discussed ... |
| | | | ... At a granular level, advisers shouldn't forget about dividend returns and the role it plays in clients' overall returns. "Not too long ago people ignored dividend yields," he said. Pointing to a Credit Suisse global dividend comparison between 1900 to ... |
| | | | ... income for life from age 65. At the moment, we have accumulation, transition to retirement and then the pension phase - it does not make sense to anybody else outside of this room, to them they just have a super account," he said. Keeley said this will ... |
| | | | ... industry's inertia at yesterday's Financial Services Council Life Insurance Conference in Sydney. She is "convinced" trustees are not taking their best interest duties seriously. "I am concerned that some, possibly many, default members are paying too ... |
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