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Showing 141 - 150 of 177 results for "Money Laundering"

Advisers should train to fight tax evasion: FPA

LAURA MILLAN  |  THURSDAY, 23 JAN 2014
... 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 and government relations Dante De Gori told ...

ASX managed funds services gets ASIC nod

JAMES FERNYHOUGH  |  MONDAY, 13 JAN 2014
... currently consulting the industry with a view to amending a rule to allow product issuers to rely on the anti-money laundering (AML) checks done by brokers rather than having to duplicate this check again themselves under the AML/CTF Act. Submissions ...

Free service may help advisers bypass FoFA costs

JAMES FERNYHOUGH  |  THURSDAY, 6 JUN 2013
... the Financial Standard. "If we are given the client details once only, and are given what's required for anti-money laundering and counter-terrorism rules, we can use that to prepopulate forms for any institution." Curve's revenue comes from banks, which ...

Over regulation delays global recovery

MARK SMITH  |  MONDAY, 8 APR 2013
... Frances Hudson. According to Everett and Hudson, high-profile conduct failures such as the LIBOR fixing scandal, money laundering, tax avoidance and product mis-selling have reinforced the view that significant legislation is required to ensure the trust ...

So stupid it could actually make money

BENJAMIN ONG  |  TUESDAY, 19 MAR 2013
... Although the Cyprus government denies this, numerous reports tell that it is illicit Russian money - linked to money laundering - and those by rich Russian oligarchs that comprise the vast majority of deposits in the country's banking sector (estimated ...

Market wrap AM

AAP  |  WEDNESDAY, 12 DEC 2012
... cent after it said it will pay a record $US1.9 billion ($A1.82 billion) settlement in the US over allegations of money laundering. And fellow British lender Standard Chartered was up 0.6 per cent after being told by the US Treasury to pay the United ...

IQPC conference tackles operational risk

MARK SMITH  |  MONDAY, 15 OCT 2012
... overcome the challenges posed by regulatory change. Recent scandals in the banking sector, including the HSBC money laundering case and the Libor rate-fixing scandal have highlighted the need for financial service providers to be extra vigilant in ensuring ...

Australian instos exposed to AML risks

ALEX DUNNIN  |  TUESDAY, 3 JUL 2012
... complex webs of counter-party relationships mean Australian institutional investors are more exposed to anti-money laundering risks than they realise. These risks don't just mean from organised crime, the usual culprit when talking about money laundering ...

Wolf of Wall Street can't put a price on value

MATT WOODINGTON  |  TUESDAY, 2 AUG 2011
... you're not staying true to who you are, it will not last." In 1998 Belfort was indicted for securities fraud and money laundering, spending just shy of two years in a federal prison and ordered to pay back $100 million to victims of the 'pump and dump' ...

Citigroup hires Macq compliance exec

CITIGROUP MEDIA RELEASE  |  WEDNESDAY, 21 JUL 2010
... Financial Markets Association having chaired the Futures Industry Compliance Committee and been a member of the Anti-Money Laundering Committee and Heads of Compliance Committee.