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Showing 181 - 190 of 258 results for "Scam"

SMEs lack cybersecurity resilience: ASIC

KARREN VERGARA  |  MONDAY, 4 DEC 2017
Financial services firms are tackling cybersecurity risks seriously but smaller organisations still have a long way to go according to the corporate regulator raising greater awareness on the issue. ASIC's Report 555 shows about three-in-four (74%) ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
Check out this blog to get an hourly update on the latest announcements, session highlights and social media commentary live at the AFA 2017 National Adviser Conference. 10.30pm - AFA caps its annual conference with an awards gala ceremony for the 2017 ...

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
... expect further increases during the tax time period," Anderson said. "Already this year, the ATO has registered over 17,067 scam reports. Of these, 113 Australians handed over $1.5 million to fraudsters with about 2500 providing some form of personal ...

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... suspected terrorism financing. In the first, a planner reported a client who was either the victim of or complicit in an internet scam, where they intended to transfer money from an overseas bank to an Australian account under the advice of a person ...

Confused and confounded

BENJAMIN ONG  |  MONDAY, 28 SEP 2015
Here we go again, folks. It'll be another week of backwards and forwards betting on that never-ending, world-changing question of the "when" of the Fed lift-off. Earlier this year, it was so easy. Lift-off soon chatters - back then June was the month ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...

Expert issues cyber-attack warning

MARK SMITH  |  MONDAY, 25 MAY 2015
The incoming New Payments Platform will leave financial institutions, including super funds and wealth managers, vulnerable to cyber criminals unless they upgrade their security, a fraud and cyber-crime expert has warned. Similar to the UK's Faster ...

DeVere helped US press expose investment fraud

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
Global adviser group deVere provided evidence of what a spokesperson described as "one of the largest financial scams in history" to a US-based investigative news service. DeVere, which has recently been expanding its Australian operations, worked with ...

ASIC: Beware fake forex website

MARK SMITH  |  TUESDAY, 16 SEP 2014
... searching ASIC's website. ASIC's MoneySmart website also provides information for consumers about how to identity a loan scam. ASIC said there are a number of tell-tale warning signs to look out for. These include requests to transfer money upfront to ...

Consumers reluctant to use online advice

LAURA MILLAN  |  WEDNESDAY, 23 APR 2014
Consumers do not trust online advice and still prefer to meet their financial planner face to face. A Financial Services Council (FSC) research into consumers' digital engagement with superannuation and wealth management found that only 13% of Australians ...