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Showing 1961 - 1970 of 3919 results for "law"

IMF ramps up funding for CBA class action

EMMA RAPAPORT  |  FRIDAY, 22 DEC 2017
Shareholders in the class action against the Commonwealth Bank will receive funding from two IMF Bentham investment vehicles with aggregated capital of $150 million, moving a potentially record-breaking class action against the bank one step closer. ...

ASIC takes further action against MyPlanner

JAMIE WILLIAMSON  |  WEDNESDAY, 20 DEC 2017
Following on from ASIC's recent action against privately-owned MyPlanner, one of the dealer group's advisers has now agreed to refrain from providing financial services. The regulator has accepted an enforceable undertaking from James Fraser as a result ...

CommInsure life insurance ads misleading: ASIC

KARREN VERGARA  |  TUESDAY, 19 DEC 2017
... will report to ASIC by 30 June 2018 of its results. It will pay $300,000 to the Financial Rights Legal Centre's Insurance Law Service, a specialist consumer insurance advice service that helps vulnerable, low income and disadvantaged consumers. ASIC ...

Industry split on life insurance cover: Poll

KARREN VERGARA  |  MONDAY, 18 DEC 2017
Whether or not superannuation funds should stop charging life insurance cover after 13 months without contributions has divided the industry, Financial Standard's weekly survey results show. Forty-nine percent of respondents said it's only fair superannuation ...

CBA hit with fresh AML breaches by AUSTRAC

EMMA RAPAPORT  |  FRIDAY, 15 DEC 2017
... 54 suspicious matters either on time or at all in relation to accounts and individuals that were the subject of two further law enforcement operations. Even after CBA became aware of suspected terrorism financing, money laundering and/or structuring ...

CBA admits to anti-money laundering breaches, AUSTRAC flags new allegations

KARREN VERGARA  |  THURSDAY, 14 DEC 2017
... over the past eight years. "We will continue to invest heavily in our systems relating to financial crimes thereby supporting law enforcement in detecting and disrupting financial crime," the bank said. CBA has put in place a number of initiatives to ...

Chinese financial services giant eyes Australian expansion

EMMA RAPAPORT  |  WEDNESDAY, 13 DEC 2017
A Chinese financial services juggernaut, which is also the world's most valuable fintech company, is extending its reach into the Australian market under a new partnership. Ant Financial, which operates mobile payment and lifestyle platform AliPay ...

America is full

BENJAMIN ONG  |  MONDAY, 11 DEC 2017
... November - better than October's 2.3% annual rate but both are smaller than the year-on-year rates of the past four months. The law of supply and demand dictates that prices (wages) should go up when demand - as evident in the continued gains in employment ...

Court shuts down listed investment manager lawsuit

ALEX BURKE  |  FRIDAY, 8 DEC 2017
The Supreme Court of Victoria has dismissed an application from a listed investment manager who was attempting to restraint Molopo Energy from acquiring further shares in a Florida oil and gas exploration company. Keybridge Capital had commenced proceedings ...

MyPlanner enters ASIC radar

JAMIE WILLIAMSON  |  WEDNESDAY, 6 DEC 2017
Privately-owned dealer group MyPlanner has negotiated additional conditions on its AFSL after it was found to be providing poor financial advice and failing to adequately supervise its representatives. ASIC surveillance found there were MyPlanner advisers ...