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Showing 181 - 190 of 204 results for "Money Laundering"

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 ...

SMSFs get "kick up the pants"

MICHAEL HOBBS  |  MONDAY, 16 MAR 2009
... morning. He said the government is concerned about the lack of prudential regulation of SMSFs. The fact the Anti-Money Laundering measures do not apply to SMSFs is also a concern, he said, as is evidence that a small number of SMSF trustees "have very ...

AUI and DirectPortfolio adopt AML service

MICHAEL HOBBS  |  TUESDAY, 25 NOV 2008
Australian Unity Investments (AUI) and DirectPortfolio adopted OneVue's anti-money laundering (AML) reporting and record keeping service. AML Explorer can be downloaded online and presents the AML legislation in a simple format that allows users to ...

New tech counters terrorist attacks

RUTH LIEW  |  MONDAY, 7 JUL 2008
... reporting requirements to the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia's anti-money laundering and counter-terrorism financing regulator and specialist financial intelligence unit. "For the last several years, regulation ...

Pentafin joins personal super crowd

RUTH LIEW  |  FRIDAY, 13 JUN 2008
... suite of operation reports. The product also complies with July 2007 simplified superannuation changes and anti-money laundering legislation. McKeage said the launch forms an important segment of Pentafin's super and post retirement product suite. She ...

Liechtenstein blocks AML

RUTH LIEW  |  THURSDAY, 6 MAR 2008
... Liechtenstein, famous for its status as a global tax and investment haven, still poses a threat to international anti-money laundering efforts, a new International Monetary Fund report reveals. Liechtenstein's financial sector primarily consists of wealth ...

Members require ID checks

MICHAEL HOBBS  |  THURSDAY, 13 DEC 2007
... provide additional identification before they can receive their fund benefits, following the implementation of anti-money laundering (AML) legislation. The AML legislation, which became effective yesterday, requires superannuation funds to verify the ...

Fundies find a loophole in money laundering law

WWW.THESHEET.COM  |  WEDNESDAY, 12 DEC 2007
On the eve of the implementation of the most significant provision of the Anti-Money Laundering and Counter-Terrorism Financing Act, the regulator Austrac has conceded that there is a big loophole in the law. Austrac issued a statement yesterday, saying ...

HESTA appoints five

... HESTA's AFSL and RSE licence. Doust will also be responsible for some new risk management practices on the new Anti-Money Laundering and Counter Terrorism legislation. Meanwhile, two new client relationship managers have also been appointed in Victoria ...

No bank is ready for AML

WWW.THESHEET.COM  |  FRIDAY, 15 JUN 2007
The gaming sector is well ahead of financial institutions in adapting to the new anti money laundering and counter-terrorism financing laws according to a survey conducted by Pricewaterhouse Coopers in March. The survey also revealed that 90 percent ...