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Showing 171 - 180 of 203 results for "Money Laundering"

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.

Man charged in multi-million dollar fraud

RUTH LIEW  |  WEDNESDAY, 10 MAR 2010
... multi-million dollar swindle of the Commonwealth Superannuation Scheme - one man has so far pleaded guilty to a money laundering charge in a $150 million bank fraud case. According to reports from the Sydney Morning Herald, Jamieson Vincent, who belonged ...

Pension fund head gets jail sentence

RUTH LIEW  |  WEDNESDAY, 4 NOV 2009
... Valais, was convicted by a court for embezzlement, fraud, disloyal business conduct, falsification of documents and money laundering. According to Swiss paper Swisster, the man was said to have used the funds from the plan for four years, between 1996 ...

Industrial espionage turns viral

MICHELLE BALTAZAR  |  MONDAY, 10 AUG 2009
... security expert. At a time when banks, fund managers and super funds already have their hands full with online money laundering schemes, another IT-related risk is emerging and this time, the stakes are higher. In a plot reminiscent of the scandals surrounding ...

AUSTRAC to probe anti-money laundering breaches

MICHAEL HOBBS  |  THURSDAY, 2 JUL 2009
... enforceable undertakings from Barclays Bank PLC and Mega International Commercial Bank Co for breaching anti-money laundering and counter terrorism laws. An AUSTRAC statement said BarCap, the local office of Barclays Bank, acknowledged it breached provisions ...