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Showing 1 - 10 of 1607 results for "Investigation"

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... adequate systems in place to help customers get back into their banking after they had been scammed. Upon ASIC's investigation, HSBC established a remediation program that has paid some $21.5 million in compensation to date. More remediation is expected ...

Former fund manager admits to obstructing SEC probe

KARREN VERGARA  |  TUESDAY, 16 JUN 2026
Former Western Asset Management co-chief investment officer Ken Leech pleaded guilty to obstructing an investigation into a fraudulent trading scheme that disadvantaged certain clients. At the US Attorney's Office for the Southern District of New York ...

Trustees lack death benefit claims uplift urgency: ASIC

KARREN VERGARA  |  WEDNESDAY, 10 JUN 2026
... today, Report 831 Delivering on death benefits: Have super trustees stepped up? provides an update to ASIC's investigation into how trustees were taking or not taking ownership of their death benefit claims processes, the findings of which were released ...

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI  |  FRIDAY, 5 JUN 2026
... Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after taking over the role, said the investigation is continuing and the regulator's first focus has been on protecting investor funds and taking freezing actions. Early ...

Treasury considers reward system for whistleblowers

RIDDHIMA TALWANI  |  WEDNESDAY, 3 JUN 2026
... comes on the back of KPMG Australia admitting to falling short in its treatment of a recent whistleblower and the investigation into the allegations. As a result, KPMG chief executive Andrew Yates and chief operating officer Eileen Hoggett resigned from ...

ASIC cannot afford to stand still: Longo

VINNY VUCAGO  |  MONDAY, 1 JUN 2026
Outgoing ASIC chair Joe Longo has used his final appearance before the Parliamentary Joint Committee on Corporations and Financial Services to defend the regulator's enforcement record while warning that funding constraints and rapid technological change ...

KPMG chief resigns after firm admits whistleblower probe fell short

RIDDHIMA TALWANI  |  MONDAY, 1 JUN 2026
KPMG Australia has admitted its treatment of a whistleblower and investigation into their allegations fell short of the firm's expectations, those of the whistleblower and the broader community. The whistleblower had raised two matters on client documents ...

Future Fund chief says staff departure not at 'worrying level'

RIDDHIMA TALWANI  |  FRIDAY, 29 MAY 2026
Future Fund chief executive Raphael Arndt said the current turnover running rate of around 6% in the senior investment team has not reached a "worrying level". Arndt was speaking at a Senate Estimates Committee hearing yesterday about the rise in turnover ...

AFCA puts InterPrac determinations on ice

KARREN VERGARA  |  FRIDAY, 29 MAY 2026
... approach is "intended to reduce unnecessary complexity and potential stress for impacted consumers, while also ensuring investigation and assessment work continues so complaints are ready to move forward efficiently once court proceedings have concluded." ...

Rodney Forrest re-sentenced for $3m insider trading

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
... prosecuted by the Office of the Director of Public Prosecutions (Cth) (CDPP), following a referral and six-month investigation from ASIC. In August 2024, Forrest secretly accessed the computer of the chair of Regal Partners without permission and photographed ...
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