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Showing 201 - 210 of 558 results for "Investigate"

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 ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton, urging him to investigate the AMP BOLR changes. Last year AMP made changes to its BOLR agreements, which guarantee the value of AMP Financial Planning ...

German fintech goes bust, $2.9bn gone

ELIZA BAVIN  |  FRIDAY, 26 JUN 2020
German fintech Wirecard, has filed for insolvency after revealing over $2.9 billion in cash missing from its balance sheet didn't exist. The company's former chief executive Markus Braun was arrested days after stepping down over allegations of inflating ...

ASIC sues CBA, CFS over RC case

HARRISON WORLEY  |  TUESDAY, 23 JUN 2020
... was first raised at the Royal Commission, and ASIC deputy chair Daniel Crennan said the regulator's decision to investigate, based on Commissioner Hayne's referral, demonstrates the regulator's commitment to its Royal Commission litigation ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... AUSTRAC's allegations against Westpac. To limit any overlap, the prudential regulator will hand over responsibilities to investigate any matters that contravene accountability obligations under the Banking Executive Accountability Regime (BEAR) and standards ...

Financial services demands more mental health support

HARRISON WORLEY  |  WEDNESDAY, 17 JUN 2020
COVID-19 has caused an uptick in the demand for access to mental health and wellbeing training for the employees of financial services firms, according to SuperFriend. New analysis by the wealth management industry's mental health partner reveals a ...

FSU calls for NAB staff to audit pay

ALLY SELBY  |  MONDAY, 15 JUN 2020
... employees had been underpaid $1.3 million. FSU Queensland secretary Wendy Streets said the union had pressured NAB to investigate the remuneration of contracted Group 3 and 4 workers earlier this year "This has been a long-running issue with workers ...

Industry fund drops Rio Tinto amid sacred site outcry

HARRISON WORLEY, ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... Rio Tinto has both publicly apologised for the distress its actions caused and commissioned an independent review to investigate the circumstances surrounding the incident. As reported by the Australian Financial Review this week, recordings of an internal ...