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Showing 121 - 130 of 817 results for "fraud"

Early release of super scammers cop prison time

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... pool. It approved 4.55 million applications that amounted to $37.8 billion. The Australian Federal Police's (AFP) anti-fraud Taskforce Iris charged the women in August 2020, initially announcing that there were seven people involved. Together with ...

Former Queensland adviser struck off permanently

ANDREW MCKEAN  |  WEDNESDAY, 29 MAY 2024
... been permanently banned from providing financial services and engaging in credit activities following his conviction for fraud offences last month. This prohibition extends to any role within a financial services business, including positions as an officer ...

Former director sentenced to seven years in prison

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
... DanFX, an unlicensed foreign exchange trading business, has been sentenced to seven years and three months imprisonment for fraud. Daniel Farook Ali was sentenced in the Brisbane District Court after an investigation by the Australian Securities and ...

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
The promoter of BitConnect Australia has pleaded guilty for his role in spruiking a fraudulent cryptocurrency scheme. John Bigatton promoted BitConnect, an online cryptocurrency platform that offered a financial product known as the Lending Platform ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... carries on a financial services business. ASIC permanently banned the former NSW based adviser after he was convicted of fraud offences in the Local Court of NSW at Hornsby on 4 November 2022. Sweeney was authorised to provide advice between 17 November ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... ASIC and APRA industry levies. ASIC will also receive a share of $37.3 million over four years to combat scams and online fraud by administering and enforcing a mandatory industry code that is to be introduced. Finally, the Australian Taxation Office ...

Budget 2024: Chalmers looks to reset aged care, NDIS

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... Insurance Scheme (NDIS) back on track. Of this, as announced previously, $214 million will be spent over two years to fight fraud and to co-design NDIS reforms with people with disability. It will also spend $45.5 million to establish a NDIS Evidence ...

FAAA calls for 'fairness' ahead of Budget

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
The Financial Advice Association of Australia (FAAA) has called on the Federal government to better manage costs across the Compensation Scheme of Last Resort (CSLR) and implement a fairer ASIC funding levy for advisers. In its pre-budget submission ...

HESTA names chief financial officer

ELIZABETH FRY  |  TUESDAY, 7 MAY 2024
... Previous roles have included people leadership, financial management, business operations, strategy, data and analytics, fraud, contract management and project delivery. She served as an executive general manager at Bupa and worked in a similar role ...

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... (AUS) incur US$6.1 million annually to keep running. One quarter has been exposed to a cybersecurity breach or financial fraud. Many say they need to toughen their cybersecurity measures, yet one in five do not have proper controls in place. As for investments ...