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Showing 141 - 150 of 156 results for "AUSTRAC"

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... terrorism financing in the Australian financial planning industry. The Australian Transaction Reports and Analysis Centre (AUSTRAC), the government's financial intelligence agency, found the advice sector "attracts a moderate level of exploitation by ...

AUSTRAC improves indigenous super access

DARREN SNYDER  |  THURSDAY, 7 JUL 2016
... Institute of Superannuation Trustees supports new guidance from the Australian Transaction Reports and Analysis Centre (AUSTRAC) making it easier for Aboriginal and Torres Strait Islander peoples to access the superannuation system. AIST executive manager ...

Industry reacts to ASIC reforms

ALEX BURKE  |  THURSDAY, 21 APR 2016
... the Government should consider adopting possible exemptions for small business operators similar to the system used by AUSTRAC. Association of Financial Advisers chief executive Brad Fox made similar comments, arguing: "The benefits in financial, relationship ...

ACSA awards best custody executives

LAURA MILLAN  |  TUESDAY, 19 MAY 2015
The Australian Custodial Services Association (ACSA) has recognised the industry executives who made contributions to the custody industry in the 2015 ACSA Awards. HSBC Securities Service manager of corporate actions Alvaro Martinez, Merrill Lynch head ...

ASX managed fund service gets go-ahead

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
... set to launch at the beginning of the second quarter this year. The Australian Transaction Reports and Analysis Centre (AUSTRAC) gave the new service the go ahead last week. It has already received approval from the Australian Securities and Investments ...

Advisers should train to fight tax evasion: FPA

LAURA MILLAN  |  THURSDAY, 23 JAN 2014
The Australian Transaction Reports and Analysis Centre (AUSTRAC) should train financial advisers on identifying and avoiding cases of tax evasion and money laundering, the Financial Planning Association (FPA) said. The FPA general manager of policy ...

ASX managed funds services gets ASIC nod

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
... gave it the go-ahead. However, the ASX must await approval from the Australian Transaction Reports and Analysis Centre (AUSTRAC) before it can go live. The mFund Settlement Service, previously known as the ASX Managed Fund Service, will give retail investors ...

ASIC backs down on custody whistleblowing requirements

JAMES FERNYHOUGH  |  FRIDAY, 22 NOV 2013
... ordinary course of its business, including through anything detected via its existing AML/CTF Act program (governed by AUSTRAC)." ASIC determined that the requirements would apply only to the responsible entity, and not the custodian. The regulator also ...

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... organised investment fraud in the last five years," Clare said. The Australian Securities and Investments Commission (ASIC), AUSTRAC and the Australian Tax Office are working with the ACC as part of Task Force Galilee, which is "seeking to disrupt Serious ...

Improving admin could stop fraudsters: SPAA

MICHAEL HOBBS  |  THURSDAY, 26 NOV 2009
... these suggestions seriously. "I know the Australian Tax Office is reviewing their processes at the moment. I know that AUSTRAC has this firmly in their view as do police departments," she said. "Fraud is always going to be around but it's about how we ...