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Showing 161 - 170 of 792 results for "fraud"

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... Insurance Agency has also increased by $385 million in 2023-24 and 380 additional staff will cost close to $160 million. Fraud and non-compliance will be addressed with $126.3 million in funding, while more than $30 million is being provided to support ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... be able to share identifiers to assist Commonwealth, and state and territory agencies, to detect and assist in preventing fraud. The proposed changes cover all APRA-regulated entities, excluding branches of foreign banks, and are designed to ensure that ...

ASIC bans Sterling & Freeman director

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
ASIC has banned Wayne Christopher Saman, the sole director of Sterling & Freeman Advisory for a period of five years. Saman was banned because an ASIC surveillance found he was involved in Sterling & Freeman's contravention of financial laws. Sterling ...

Unlicensed forex trader extradited from Poland

CHLOE WALKER  |  FRIDAY, 19 AUG 2022
... Unlicensed foreign exchange trader Daniel Farook Ali has faced the Brisbane Magistrates Court charged with eight counts of fraud, after being extradited from Poland and arrested following an ASIC investigation. The corporate regulator alleges that between ...

Aussies pay the price for early release of super: ASFA

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
... for payments while fund and administrator staff were impacted by lockdowns. Finally, ASFA said the data shows instances of fraud were relatively uncommon and no fund members were left out of pocket due to third-party fraud.

Advisers receive guidance on rights under FSCP

JAMIE WILLIAMSON  |  THURSDAY, 4 AUG 2022
... instances may lead to a panel being convened. Situations in which ASIC must convene a panel include matters of insolvency, fraud, failure to approve a Statement of Advice, contraventions of financial services law, and refusal or failure to give effect ...

Portfolio holdings disclosure rules "feeblest on the planet": Report

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
A new report from Morningstar calls out the faults in the Portfolio Holdings Disclosure regulations, particularly as they pertain to unlisted, private equity and bond investments. The report's author, head of manager selection Grant Kennaway, says ...

Zipmex files for debt relief amid ongoing crypto crash

CASSANDRA BALDINI  |  FRIDAY, 29 JUL 2022
... Coinbase product manager Ishan Wahi and two other individuals Nikhil Wahi and Sameer Ramani have been arrested for wire fraud in the first insider trading case involving cryptoassets. Following those changes, the SEC listed nine tokens as securities ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... terrorist threat risks, but KPMG stated that among other things more consideration should be given to recent reports on fraud. Cyber enabled fraud has been a prevailing threat for funds, criminals have been gaining access to customer information and ...

Fraud charges laid over unlicensed scheme

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
Former Perth unlicensed investment scheme boss Chris Marco has been charged with 50 counts of fraud and is due to appear in Perth Magistrates Court on Friday. The charges follow ASIC's investigation which alleged that, between July 2013 and October ...