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Showing 1191 - 1200 of 3918 results for "law"

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... IFTI reports to AUSTRAC and apply enhanced customer due diligence in relation to suspicious transactions, meant AUSTRAC and law enforcement were missing critical intelligence to support police investigations." Rose said such a large number of breaches ...

Index manager, friend charged for insider trading

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A senior index manager and his friend were charged for insider trading by the Securities and Exchange Commission for reaping over US$900,000 in illegal profits off trades made with prior knowledge of stocks that would be added to or deleted from an ...

CalPERS scrutinises CIO personal investments

KARREN VERGARA  |  THURSDAY, 17 SEP 2020
... investment officers to sell personal investments that could potentially give rise to a conflict under the Political Reform Act. The law states that a public official can also place such assets into a "qualified blind trust" whereby control of the trust ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws. Under the law (section 45 (2) of the AML/CTF Act 2006), any person who sends or receives an instruction to transfer funds in or out of Australia ...

Rest climate change case pushes ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
Rest's legal stoush with one of its members over the fund's approach to climate change is pushing ahead, with a trial fast approaching. Rest and Mark McVeigh have a hearing for a dispute on discovery and privilege today before mediation on September ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
Following on from the Royal Commission, the Australian Law Reform Commission has been tasked with reviewing financial services laws with a view to simplify laws regulating the industry. As part of its response to the Royal Commission final report, the ...

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
US rapper and actor T.I. is one of five individuals charged over his role in a fraudulent cryptocurrency offering, after the Securities and Exchange Commission found he had promoted and sold tokens on his social media accounts. Clifford Harris Jr, better ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
A woman who has multiple sclerosis (MS) is fighting to have CommInsure recognise her condition, calling into question the various definitions life insurers use. ClaimRight founder William Johns was assisting a client with MS in accessing the insurance ...

Interim insolvency protections extended

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
... the year. The federal government has extended temporary insolvency and bankruptcy protections until 31 December 2020. The law is helping reduce the threat of creditors taking action against small businesses. It is also extending the temporary relief ...

Sydney tax professional jailed

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... their trusted position for financial benefit," Kendrick said. "Nazeer's actions showed a complete disregard for not only the law, but also his clients' trust by lodging fraudulent tax returns and amendments in their names."