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Showing 101 - 110 of 187 results for %22Money laundering%22

Kyckr improves platform

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... financial services firms. These products allow companies to verify the identities of their clients to prevent money laundering and financial crime. Kyckr has debuted a new mobile-responsive design which the company says is centred around client needs ...

Former Commonwealth Bank chief joins ASX-listed firm

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... chief executive. He was chief executive of Commonwealth Bank Australia for 10 years, retiring last year amid a money laundering investigation by the Australian Transaction Reports and Analysis Centre. In his new role, Narev will work with SEEK chief ...

Super a money laundering target: AUSTRAC

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
Australia's money laundering watchdog is warning 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 ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... 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 Plus, Personal Loan Protection ...

Overhaul executive remuneration: Poll

KARREN VERGARA  |  MONDAY, 26 NOV 2018
... in January 2017, said the intelligence the remuneration committee received regarding issues such as the anti-money laundering and counter-terrorism scandal, was inadequate but went ahead in approving large pay packets. This is despite Livingstone defending ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
... bank's conduct in fees-for-no-service, misselling of credit card insurance and its violation of anti-terrorism and money laundering laws. CBA's group chief risk officer of the time David Cohen failed to mention the last three events in his letter to ...

FASEA clarifies adviser exam rules

DARREN SNYDER  |  MONDAY, 19 NOV 2018
... bridging course. FASEA will also revise the Corporations Act unit to include other legal obligations such as Anti-Money Laundering, Privacy Act 1988 and Tax Practitioners Board requirements. CPD FASEA has reduced the number of CPD hours advisers are ...

Australia behind when it comes to pay transparency: AXA IM

HARRISON WORLEY  |  FRIDAY, 14 SEP 2018
... 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 difficult for companies to justify to shareholders ...

AI to transform financial services: Deloitte

HARRISON WORLEY  |  TUESDAY, 21 AUG 2018
... significant value. "There is huge potential for industry collaboration on issues as broad as fraud prevention and anti-money laundering controls, often run inefficiently and ineffectively in the current environment," Lipman said.

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... following: the customer's objectives, financial situation and needs...with the purpose of complying with the Anti-money Laundering and Counterterrorism Act 2006 always regulation or AML/CTL rules under that act. ANZ pushed back. The final EU that ...