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Showing 231 - 240 of 284 results for "Enforceable undertaking"

ASIC approves Opes Prime settlement

ASIC RELEASE  |  WEDNESDAY, 5 AUG 2009
... the directors of Opes Prime, and the ANZ bank. ASIC announced in March 2009 that it has put in place an Enforceable Undertaking (EU) from the ANZ in relation to ASIC's investigation, arising from the Opes Prime collapse, into ANZ Custodial Services ...

AUSTRAC to probe anti-money laundering breaches

MICHAEL HOBBS  |  THURSDAY, 2 JUL 2009
... result, the Barclays Bank PLC's Australian office located on George street Sydney, voluntarily agreed to an enforceable undertaking by AUSTRAC and continues to work with the government body by releasing relevant facts and material to the AUSTRAC chief ...

ASIC catches short sale bungle

PRESS RELEASE  |  FRIDAY, 20 FEB 2009
... buy one million Finders Mines share once he realised the firm did not own any. The regulator accepted an enforceable undertaking from Droga Capital and the firm's sole director which require the investment business to implement policies and procedures ...

APRA audit adds to bottomline

MICHAEL HOBBS  |  TUESDAY, 11 DEC 2007
... be formalised and documented. If an institution fails an audit, Alexandratos said, APRA could impose an enforceable undertaking on the business, which costs a lot of time and money to rectify. "APRA is getting better at identifying areas of concern ...

APRA bans former Zurich CEO

CHRIS NICHOLLS  |  TUESDAY, 21 AUG 2007
... million, also masking non-compliance with APRA's solvency requirement. On 25 May 2005, APRA accepted an enforceable undertaking from ZAIL and ZFSA arising from two financial reinsurance transactions with General & Cologne Re Group Australia. At the time ...

Planning business gives teachers bad advice

HAMISH MADDEN  |  TUESDAY, 15 MAY 2007
... the advice they were given. The Australian Securities and Investments Commission (ASIC) also accepted an enforceable undertaking from First Capital to reimburse any client who switched back to First State Super and were worse off than if they had remained ...

FPA checklist to guide members on super switching

HAMISH MADDEN  |  TUESDAY, 20 FEB 2007
... need to call up to 35,000 clients to review super switching advice given by its planners in light of the enforceable undertaking it entered into with ASIC.

AMP FP to call 35,000 over switching advice

... advice it gave to around 35,000 clients, revised up from an earlier estimate of 7,000, as part of its enforceable undertaking (EU) entered into last year. Coinciding with the presentation of their half year results yesterday, the group has given more ...

Former Zurich CFO banned by APRA

HAMISH MADDEN  |  THURSDAY, 2 NOV 2006
... November 1999 and November 2001. On 25 May 2005 ZAIL and Zurich Financial Services Australia entered into an enforceable undertaking with APRA over their activities around two financial reinsurance transactions with General & Cologne Re Group Australia ...

AMP FP patches up the cracks

HAMISH MADDEN  |  WEDNESDAY, 30 AUG 2006
... the quality of AMP planner advice is sound. AMP FP hit the headlines on 26 July after entering into an enforceable undertaking (EU) with the Australian Securities and Investments Commission (ASIC). The EU centred around perceived shortcomings in super ...