Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 181 - 190 of 545 results for "Investigate"

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
ASIC has commenced Federal Court proceedings against BT Funds Management and Asgard over fee-for-no-service conduct and making misleading representations in relation to the fees. It has also launched a similar case against StatePlus. ASIC alleges that ...

ASIC cracks down on 42 SMSF auditors

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... and the Australian Taxation Office, with the ATO monitoring conduct and subsequently referring matters to ASIC to investigate. ASIC then reviews whether to disqualify or impose conditions on an auditor, or cancel or suspend their registration. An SMSF ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... investigation. The ATO-led Serious Financial Crime Taskforce is a multi-agency taskforce allowing investigators to investigate matters thoroughly through data-matching capability and international and domestic intelligence-sharing relationships to effectively ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
Two advice industry stalwarts have launched a new dealer group promising to save advisers time and money. Finchley & Kent opened for business on July 1 after four years of development by co-founders Sam El Shammaa and Phil Alexander. While they acknowledge ...

Catherine Brenner case dropped

ELIZABETH MCARTHUR, ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... spokesperson for ASIC said that while Brenner was notified her case would not be pursued, the regulator continues to investigate a number of matter concerning AMP. Last week, ASIC deputy chair Daniel Crennan told the Standing Committee on Economics that ...

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... explain his decision to refer the matter to the Auditor-General. "I've asked the Australian National Audit Office to investigate the administration of the government's super access scheme which has been marred by fraud, blowouts and exposes taxpayers ...

APRA spells out unlisted asset valuation standards

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... Leigh pushed ahead and asked APRA chair Wayne Byres to articulate APRA's position and if the regulator is willing to investigate further. Byres explained: "We do examine where the funds are valuing assets and we do seek to make sure that funds whatever ...

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
The Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac's money laundering woes continue to worsen, with the bank today announcing it has uncovered hundreds of thousands of additional transactions of $10,000 or more that are "incomplete or inaccurate" to AUSTRAC. After further investigation, the ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... being slashed because she was not satisfied ASIC would be taking any action. "In response to my letter requesting they investigate this issue ASIC has confirmed it does not consider this matter to be a priority for them," O'Neil said. "Considering this ...