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Showing 181 - 190 of 203 results for "Money laundering"

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 ...

AML to redefine dealings with currency clients

ALEX DUNNIN  |  WEDNESDAY, 28 MAR 2007
The looming anti-money laundering (AML) legislation will redefine how service providers deal with clients and their currency transactions and planning for how they should implement the new provisions needs to begin now. The most profound impact will ...