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Showing 141 - 150 of 343 results for "Crime"

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 ...

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... by Phi Finney McDonald. The claim relates to market disclosure issues connected to Westpac's monitoring of financial crime between 16 December 2013 and 19 November 2019. The claim does not identify the amount of any damages sought, Westpac said. ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... investigation and review." The bank added that it has appointed Promontory to undertake an Accountability and Financial Crime Program Review, which is currently underway. In launching an investigation, APRA is able exercise its legal powers that were ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... AUSTRAC's sights, releasing a statement which sets out the actions the bank has taken to help in the prevention of financial crime in banking. Following shareholder queries, ANZ chief risk officer Kevin Corbally yesterday said protecting the banking ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... are determined to urgently fix these issues and lift our standards to ensure our 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 ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... are determined to urgently fix these issues and lift our standards to ensure our anti-money laundering and other financial crime prevention processes are industry leading." At the same time, Maxsted announced longstanding director Ewen Crouch will not ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... requirements, within 24 hours. Westpac said it would also make investments designed to reduce the human impact of financial crime, committing to pouring $18 million over three years into the world's largest anti-slavery organisation, International ...

First Sentier adds to global leadership team

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... from the Department for Work and Pensions and has previously worked for Vodafone, Bank of England and the UK's National Crime Agency. Lastly, Ben Marks has been appointed chief audit officer and will report to the board. Marks is a chartered accountant ...

AUSTRAC orders audit of PayPal

ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
... an external auditor to look into PayPal Australia in relation to "ongoing concerns" about its compliance with financial crime laws. The financial intelligence agency said the concerns relate to PayPal Australia's compliance with international fund transfers ...