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Showing 271 - 280 of 566 results for "Civil"

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... alleged breaches of anti-money laundering and counter terrorism laws with AUSTRAC applying to the Federal Court seeking civil penalty orders against Westpac.

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... resources Hope Hardison, as well as former chief risk officer Michael Loughlin for their roles in the sales misconduct. The civil charges brought by the federal agency allege that the bank's executives "failed to adequately perform their duties and responsibilities ...

Millions up in smoke in cannabis scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JAN 2020
... involvement is unclear. The SEC is seeking permanent injunctions, return of the allegedly ill-gotten gains with interest and civil penalties. Griffithe is also president and executive producer for Bridgegate Pictures Corp. His LinkedIn says he: "Built ...

Financial Standard Holiday Cooking Guide 2019

JAMIE WILLIAMSON  |  FRIDAY, 20 DEC 2019
Some of Australia's financial services industry leaders share their favourite recipes for the festive season - some naughty, some nice. If you're looking for something to do with your down time this holiday season, why not try out a recipe from ...

Westpac to pay $9.5m for Corps Act breaches

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... Westpac or associated companies had an interest." Westpac is directly liable for these breaches, which attracts a significant civil penalty, because the law imposes a specific liability on licensees for the breaches of their financial advisers, ASIC ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... her of breaching her duty of disclosure and duty of utmost good faith under the Insurance Contracts Act. ASIC is seeking civil penalties for TAL's alleged breach of section 12DB of the ASIC Act - which attracts a maximum penalty of 10,000 penalty ...

Charlie Aitken resigns from Contango

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
Martin Switzer's Contango Asset Management announced Charlie Aitken has resigned as a director of the company. Roger Amos, Contango's chair, said: "The board thanks Mr Aitken for his valuable contribution to the company since joining in August 2016 ...

Westpac served class action

JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... Westpac said. The bank will defend the claims, it said. In November AUSTRAC applied to the Federal Court of Australia for civil penalty orders against Westpac over systemic non-compliance with anti-money laundering and counter-terrorism laws totaling ...

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
ASIC has launched civil penalty proceedings against NAB in the Federal Court over fees-for-no-service, which the bank continued to charge after the Royal Commission. The corporate regulator is seeking to find NAB made several thousand contraventions ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... Federal Court over one of the cases referred to it by Royal Commissioner Kenneth Hayne. The corporate regulator has filed a civil case against TAL, alleging the insurance giant breached the ASIC Act, Corporations Act and Insurance Contracts Acts in avoiding ...