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Showing 101 - 110 of 342 results for "Investigations"

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... trusted the big banks were ripped off and continue to be out of pocket despite a Royal Commission and numerous ASIC investigations which found Westpac's behaviour was reprehensible," Paull said. "In terms of junk insurance many people who purchased these ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... said. Responding, Westpac chief executive Peter King said the bank has been cooperating with ASIC throughout its investigations and acknowledged that, in each circumstance, Westpac has fallen short of customer expectations. "The issues raised in these ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... spokesperson for MLC Life said: "These events were self-reported to ASIC by MLC Life Insurance. Following our internal investigations, all impacted customers were fully compensated and the events remediated and closed." "We take our responsibility to ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... pertaining to this EU will be in the range of A$40 million to A$45 million," AMP said. ASIC has been conducting its own investigations, APRA said, and both regulators have agreed that entering this EU will address regulatory concerns both agencies have ...

State Street bolsters cybersecurity, recruits 400

KARREN VERGARA  |  MONDAY, 6 SEP 2021
... cybersecurity architects (which cover network, identity access management and blockchain), cybersecurity forensics/investigations, pen testers and governance, as well as risk and compliance. State Street expects to fill the roles over the next two years. ...

ASIC prepares licensees for reference checks

KARREN VERGARA  |  WEDNESDAY, 21 JUL 2021
... information about a candidate spanning the past five years. This includes asking about unresolved inquiries or investigations a candidate is involved in, and the results of compliance audits that relates to personal advice provided by the candidate. ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... Planning was also investigated for breaches of section 1308(2) which relates to making misleading statements. The investigations resulted in two briefs of evidence being prepared but, following consultation with the CDPP, ASIC said no further action ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... parties together, and that nearly 60% of cases were resolved within 60 days. Remediation payments stemming from AFCA investigations into systematic issues totalled about $32 million in the 12 months, it said, taking the total to $610 million in compensation ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... To secure the pipeline, US$4.4 million worth of bitcoin was paid to a hacking group which the Federal Bureau of Investigations named Darkside. The class action claims that Colonial Pipeline Company failed to properly secure the infrastructure and left ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... provided by the bank. NAB chief executive Ross McEwan said the bank will continue to cooperate with AUSTRAC in its investigations. "It is a key priority for everyone at NAB to uplift our financial crime capabilities, minimise risk to customers and the ...