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Showing 111 - 120 of 351 results for "Crime"

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... anti-money laundering and counter terrorism laws, the bank flagged it is still strengthening its risk management around financial crime remediation. Several outstanding issues such as complex IT systems, risk management and approach to risk continue ...

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... Standard that it was still working closely with the AFP to find those responsible. "The AFP as part of the Serious Financial Crime Taskforce is currently investigating some matters in relation to early release of super," the spokesperson said. "The ATO ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
The Reserve Bank of Australia (RBA) kept monetary policy unchanged at its December board meeting - the last of 2020 - and for good reason. "In Australia, the economic recovery is under way and recent data have generally been better than expected... ...

ASIC takes action against missing woman

ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... 2020. NSW Police believe she left her home at 5.30am in exercise clothes. Anyone with information has been urged to contact Crime Stoppers.

Serious financial crime drops significantly

ELIZA BAVIN  |  THURSDAY, 26 NOV 2020
The abundance of serious financial crime has dropped significantly from last year, according to AUSTRAC's Fintel Alliance operations report. In FY2018/19 15% of the group's operations were in relation to serious financial crime, with the FY2019/20 year ...

Three advisers banned for non-financial crimes

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
The UK's Financial Conduct Authority (FCA) has banned three people from working in financial services due to sex offences they had committed. The FCA's decision to ban the three individuals comes after Megan Butler, executive director of supervision ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... process of fundamental change, which has included refreshing the board and management and elevating oversight of financial crime, compliance and conduct." As flagged last week, impairment charges increased four times from the previous year to $3.1 billion ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... for undisclosed amounts. The bank settled the action filed by Rosen Law Firm relating to its failure to monitor financial crime and anti-money laundering under the eyes of AUSTRAC on October 29. The law firm filed the class action in January this year ...

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
... allegedly a deceitful chair, James Shipton and deputy chair, Daniel Crennan, turned their backs on genuine victims of financial crime to benefit from ill-gotten gains," Telford said. "Victims of financial crime in Australia deserve an apology. Victims ...

Man arrested over investment scam

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... investment scam. The 42-year-old Melbourne man was arrested following a joint investigation by ASIC and Victoria Police E-Crime Squad which found more than 40 false business names registered to form part of an alleged scam between May 2019 and October ...