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Showing 11 - 20 of 804 results for "Fraud"

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 ...

Imprisoned fraudster's wife banned by ASIC

MATTHEW WAI  |  MONDAY, 15 JUN 2026
ASIC has disqualified Shashikumari Agrawal (Mrs Agrawal), the wife of the imprisoned director Krishnakumar Agrawal (Mr Agrawal), from managing corporations for five years due to her role in the collapsed Mansa Group. Mrs Agrawal and Mr Agrawal were ...

'No basis' to ban independent trustee model: Equity Trustees

ELIZA BAVIN  |  THURSDAY, 28 MAY 2026
... for purposes other than investment as disclosed to investors - as the liquidators' reports have revealed - is clearly fraud or theft causing loss to the superannuation funds and their members," Equity Trustees said. "We welcome the reform of MISs ...

MUFG scores administration mandate

ELIZA BAVIN  |  MONDAY, 25 MAY 2026
... Clientfirst operating model. The partnership also covers contact centre support, online member services and security and fraud management. The transition, scheduled to complete in late 2026, will migrate accumulation, pension, and defined benefit members ...

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
... Superannuation Industry (Supervision) Act. We believe that First Guardian is primarily a case of alleged and widespread fraud, and that the focus should be on those parties. "The actions by regulators and government to expose the misconduct of now-banned ...

ASFA joins Finance Industry Council of Australia

VINNY VUCAGO  |  TUESDAY, 19 MAY 2026
... being discussed," she said. Delahunty noted current priorities included the Compensation Scheme of Last Resort, scam and fraud protections, and regulatory simplification with ASFA aiming to ensure superannuation perspectives are reflected as the policy ...

Investors the biggest losers in 2026 Budget

KARREN VERGARA  |  WEDNESDAY, 13 MAY 2026
... "original intent" by delivering quality services, clarifying eligibility requirements, slow rapid cost increases and address fraud. This means NDIS payments will reduce by $37.8 billion over the next four years. The government will provide $19.2 million ...

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... Meanwhile, the government will also provide $86.3 million over four years from July 1 to deliver Phase 2 of the Counter Fraud Strategy, which includes a focus on live monitoring for "high-risk" super changes. The funding for the strategy will also extend ...

Government plans 'standardised' assessment for NDIS

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... original intent by delivering quality services, clarifying eligibility requirements, slow rapid cost increases and address fraud. The changes are expected to reduce growth in NDIS payments by $37.8 billion over the next four years. "The government will ...

ASFA chair to step down after four years

JAMIE WILLIAMSON  |  TUESDAY, 5 MAY 2026
... the development of the SC3 Framework, a sector-driven initiative coordinated by ASFA to build resilience to cyber threats, fraud and scams by sharing threat intelligence across the industry." "I am very appreciative of the assistance, collective wisdom ...