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Showing 141 - 150 of 351 results for "Crime"

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... confirmations between 2013 and 2019. "The claim relates to market disclosure issues connected to Westpac's monitoring of financial crime over the relevant period and matter which are the subject of the AUSTRAC proceedings," Westpac told the ASX. "The ...

Why Phillip Morris gets ESG points

ELIZABETH MCARTHUR  |  FRIDAY, 28 FEB 2020
... investment philosophy extends to ESG for this reason. "If you're doing the time, you might as well continue doing the crime. What are we signalling?" she asked. "ESG also needs to be practiced in a non-consensus way. The consensus is 'let me ...

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... five international tax organisations came together in Sydney to review their work in fighting against transnational tax crime, revealing recent action against a global financial institution. The Joint Chiefs of Global Tax Enforcement (J5) was formed ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... Laundering and Counter Terrorism Act on over 23 million occasions. The bank said in response it has established a board financial crime committee, implemented priority screening and reporting of transactions indicative of child exploitation to AUSTRAC ...

McGrathNicol launches cyber protection tool

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
... the backing of human forensic experts with decades of experience investigating intellectual property theft, white collar crime and cybercrime." The service is partially funded by AustCyber, an Australian government funded organisation dedicated to growing ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
... ASIC's investigation into the holdings in Northwest shares. The investigation was conducted under the Serious Financial Crime Taskforce. "ASIC views seriously any attempt by individuals to hide their identities in holding substantial interest in shares ...

QSuper member drags board to court, loses

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... the QSuper trustee noted that Chapman's leaving the police force came after he sought a review of a decision from the Crime and Misconduct Commission which charged him with allegedly assaulting and injuring a youth. "QCAT made a declaration that ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal. Rosen Law, a US based international investor rights law firm, filed the class action on behalf of purchasers of ...

Gold lifts as US, Iran tensions escalate

ALLY SELBY  |  TUESDAY, 7 JAN 2020
Fears of escalating tensions between the US and Iran have sent gold skyrocketing to an almost seven-year high, with investors turning to bullion, mining shares and gold-backed ETFs to safeguard their wealth. Fuel was added to gold's fire after US ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... laundering breaches. "There has also been considerable shareholder interest in the role banks play in the prevention of financial crime," he said. "We take this role incredibly seriously and have been proactively reviewing the systems and processes we ...