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Showing 1441 - 1450 of 3918 results for "law"

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... criminal use was one of ANZ's "most important roles" and one its staff took seriously. "ANZ has been working with AUSTRAC, law enforcement and the broader industry to detect, prevent and disrupt serious financial crimes. This includes money laundering ...

FSC hails super choice amendments

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
The Financial Services Council has praised the government for introducing amendments to superannuation laws. The introduction to parliament of amendments to superannuation laws to allow workers in new enterprise agreements to choose their own superannuation ...

ASIC probes Regal Funds Management

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
Regal Funds Management has confirmed an ASIC investigation into the asset manager is underway. In a statement, a Regal spokesperson said the firm this week learnt the corporate regulator had begun to conduct a preliminary investigation into the asset ...

ASIC outlines Code of Ethics expectations

ELIZA BAVIN  |  TUESDAY, 26 NOV 2019
... taken action to provide certainty to Australian financial services (AFS) licensees that they will not be in breach of the law because their financial advisers were not able to register with an ASIC-approved compliance scheme by 1 January 2020, as originally ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... anti-money laundering and other financial crime processes are industry leading. As a major bank we play a critical role in helping law enforcement agencies prevent criminals from carrying out illegal activity." Westpac has released a response plan outlining ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
Westpac chief executive Brian Hartzer has stepped down in the wake of AUSTRAC's investigation. Westpac today announced Hartzer will exit, with current chief financial officer Peter King taking over as acting chief executive from December 2. Hartzer ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
The under-fire big bank will halt short term incentives for its executive team as it deals with the fallout from its alleged breaches of anti-money laundering and counter terrorism financing laws. Announcing the bank's three-point response plan ...

AMP transfers 25% of accounts to ATO

ELIZA BAVIN  |  MONDAY, 25 NOV 2019
... over the practice of transferring "zombie accounts" to rollover fund AUSfund. "Personally, I believe in the spirit of the law, transferring them to the ATO was the right thing to do," Wade said. AUSfund is an Eligible Rollover Fund (ERF) with the purpose ...

Dover, McMaster found guilty

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2019
... because the introductory clause of the policy did not ensure Dover clients received the maximum protection available under the law. Instead, clauses contained within purported to remove or dilute the protections they would otherwise have, the judge said. ...

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
Westpac is facing 23 million alleged breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC has applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money ...