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Showing 181 - 190 of 792 results for "Fraud"

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... authorities, including the Australian Federal Police. "The banking industry has seen a significant increase in scams and fraud in recent years, and unfortunately the impact of these scams can be absolutely devastating for victims like Ms Du Preez." Macquarie ...

Caddick's husband chases payday

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 APR 2022
The former hairdresser husband of missing, presumed deceased, fraudster Melissa Caddick is continuing to pursue a stake of the wealth Caddick dishonestly amassed - despite ASIC attempting to claw back funds for victims. Anthony Koletti has been married ...

ASIC takes Federal Court action against Macquarie Bank

ANDREW MCKEAN  |  TUESDAY, 5 APR 2022
... said that limited monitoring by Macquarie of transactions made through its bulk transaction system didn't pass through a fraud monitoring system. It was also alleged that there weren't manual checks to confirm that transactions were for fees. According ...

Border rule-breaking former adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 5 APR 2022
... was convicted of failing to comply with a direction under the Emergency Management Act 2005 and of gaining a benefit by fraud in contravention of the Criminal Code WA. Babbage was sentenced to 10 months jail by the Perth Magistrates Court. At the time ...

Scammers prey on lonely hearts

ELIZABETH MCARTHUR  |  MONDAY, 14 FEB 2022
... when scammers provide constant excuses as to why they cannot meet in person or use the video function." Westpac head of fraud Ben Young encouraged those dating online or meeting people through social media to discuss new relationships with friends and ...

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
As the federal government released its draft plan to end violence against women and children, the superannuation industry is calling for action on financial abuse and control. The Australian Institute of Superannuation Trustees (AIST) chief executive ...

Courtenay House director faces court for alleged fraud offences

CHLOE WALKER  |  WEDNESDAY, 1 DEC 2021
ASIC brings criminal charges against former Courtenay House director and contractor for an alleged $196 million Ponzi scheme. Tony Iervasi and Athan Papoulias have today appeared in the Downing Centre Local Court charged with criminal offences for their ...

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
ASIC has commenced proceedings in the Federal Court against ANZ for breaches of the Credit Act arising from referrals through its home loan 'introducer program' and from unlicensed individuals outside the introducer program. The program involved ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... strongest protections for members, the fund is requesting members provide a certified copy of the SMSF bank statement as a fraud mitigation risk. This may cause a small delay in processing. Since the new regulations have been introduced AustralianSuper ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
... same month, Caddick went missing on the same day that ASIC raided her Dover Heights home in connection with the alleged fraud. In February 2021, human remains were discovered on a beach on the NSW south coast and identified as belonging to Caddick. Despite ...