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Showing 1181 - 1190 of 3496 results for "compliance"

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
... and Deutsche Bank Trust Company America have agreed to pay the penalties as part of a consent order for "significant compliance failures" in connection with the bank's relationship with Epstein and correspondent banking relationships with Danske ...

AustralianSuper appoints head of financial crime

KANIKA SOOD  |  WEDNESDAY, 8 JUL 2020
... ending in 2017. As AustralianSuper's head of financial crime, security and resilience, Garcia will be responsible for compliance with anti-money laundering and counter-terrorism financing, preventing fraud and other financial crime. He will also work ...

ERS surges $7bn in a week

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... initial spike seen when applications opened back on April 20. Rainmaker Information executive director of research and compliance, Alex Dunnin, said while the figures are startling, there is a nine-day lag between applications and payments and Treasury ...

Mandates from superannuation funds slow

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... COVID crisis. Now is not the time to be swapping investment mandates," Rainmaker executive director of research and compliance Alex Dunnin said about the drop. The Rainmaker Roundup report, which tracks mandates awarded by superannuation funds, says ...

Implemented Portfolios partners with Wealth Today

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... customisation made available through the IPL IMA service meets this obligation while assisting advisers manage their growing compliance requirements," Standing said.

AFA, FPA share bleak view of industry

ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
... board member and treasurer Sam Perera said that yes, most of the high cost of providing financial advice comes from the compliance burden. "You can surmise that there is dumb regulation, to use your term, or duplication within the system that increases ...

Life insurers disregard code of practice

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The Life Code Compliance Committee has said that life insurers appear not to be taking their obligations under the Life Insurance Code of Practice seriously. The code came into effect in 2017, with the independent committee now publishing its second ...

New advice compliance solution launches

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
MyNextAdvice will develop additional solutions to help the financial advice and mortgage broking industries with compliance obligations. Using client feedback, MyNextAdvice says it will be able to mitigate complaints. It is a cloud-based service that ...

Super fund members compensated

JAMIE WILLIAMSON  |  FRIDAY, 26 JUN 2020
... representatives out of a network of 185 advisers." "The breaches were notified to ASIC after an audit undertaken by Aon Compliance which indicated that the subject advisers were unable to provide sufficient evidence of informed instructions to switch ...

FASEA provides CPD relief

ELIZABETH MCARTHUR  |  THURSDAY, 25 JUN 2020
Following requests from financial advisers, FASEA has provided relief from compliance with its continuous professional development (CPD) requirements. FASEA will now grant advisers an extra three months to meet its 40 hour CPD requirement. "FASEA recognises ...