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Showing 11 - 20 of 792 results for "Fraud"

Governance issues on the rise: ASIC

ELIZA BAVIN  |  WEDNESDAY, 25 FEB 2026
... records, insolvency matters and shareholder issues. Corporate governance matters accounted for 40% of the issues, including fraud allegations, corporate governance issues, registered liquidator conduct, insolvency matters, shareholder issues, reporting ...

SMSFs need to stay ahead of the regulatory curve: Nowinfinity

MATTHEW WAI  |  FRIDAY, 20 FEB 2026
... suggested to "slow down" the SMSF establishment process to undergo a more detailed identity check to avoid any potential fraud and identity theft activities and urged better communication with staff and clients to improve different aspects of operation. ...

ASIC bans adviser who stole from super accounts

JAMIE WILLIAMSON  |  FRIDAY, 6 FEB 2026
David Valvo, the former financial adviser, amateur comedian and celebrity impersonator who was convicted on fraud charges last year, has been permanently banned by ASIC. Valvo was convicted last year of engaging in dishonest conduct after he stole $110,000 ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
ASIC is urging super trustees to strengthen their anti-scam and fraud practices after a review found "significant" gaps in communications to members. Following an assessment of scams and fraud-related website content across 47 super funds, benchmarking ...

Aussie Olympian's brother pleads guilty for role in global scam

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... said. "While Mormarkets' bank accounts were in operation, Gunn was repeatedly notified of suspicious activity or reports of fraud, with the accounts progressively closed." The financial regulator said that upon the closure of two Mormarkets bank accounts ...

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... claims, inadequate support and services for customers, poor IT infrastructure and cyber resilience, all escalate risk of fraud and scam, it said. "Those operational failures by trustees or administrators can result in significant financial losses, compound ...

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... handed down by the District Court of Western Australia. Torre was sentenced to three counts of stealing and two counts of fraud resulting in the misappropriation of a total of $1.3 million of clients' superannuation funds during the period March ...

Small win for First Guardian victims amid platform transition

JAMIE WILLIAMSON  |  MONDAY, 5 JAN 2026
First Guardian victims who have been forced to remain members of the super funds that wronged them are now able to transfer out. Since the collapse of the investment scheme, members of AusPrac Super and YourChoice Super were essentially forced to remain ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
... employers are favouring candidates with APRA and ASIC experience, and expertise in financial crime, anti-money laundering and fraud prevention. "Following the collapse of the Shield and First Guardian funds, Australia's financial services sector ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and fraud activity. Equip Super, TelstraSuper terminate merger plans Equip Super and TelstraSuper called off their proposed ...