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Showing 301 - 310 of 792 results for "fraud"

Financial scams smash Australia

HARRISON WORLEY  |  TUESDAY, 2 JUL 2019
... shows financial scams are hitting Australia harder than both the US and UK. The consulting giant's inaugural Global Banking Fraud survey found Australia suffered a disproportionately high volume of financial scam attempts in 2018, with around half a ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... door" without meeting a stringent approval process. "These concerns were heightened after this loophole contributed to the fraud that precipitated the collapse of Trio Capital in 2009. The closure of this legislative gap will ensure anyone seeking to ...

TelstraSuper names chief risk officer

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
... management experience includes working in organisations such as UniSuper, MLC and AMP. Risk, compliance, operations, governance, fraud and security are some of Taylor's area of expertise. Chief executive Chris Davies said: "We're pleased to appoint ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... reasons that include: failing to comply with licensee obligations; cancellation or suspension of person's AFSL; conviction for fraud; or ASIC believing the person in not of good fame of character. It also covers the instance or likelihood of a person ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
ASIC has banned a financial adviser who stole clients' superannuation savings. Daniel McSweeny was banned from managing companies for five years after ASIC determined he disregarded his duties as a director. Last year he was charged with 20 dishonesty ...

Crypto scams bite UK

HARRISON WORLEY  |  TUESDAY, 21 MAY 2019
... FCA said crypto and forex scam reports more than tripled in the last year, clearing 1800. According to the UK's national fraud and cyber-crime reporting centre, Action Fraud, on average victims were scammed out of more than £14,000 from crypto and forex ...

Couple faces prison over ponzi-style scam

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... fans out of more than $800,000 has seen one man convicted on dishonesty charges while his wife is already serving time for fraud offences. Douglas Johnston was found guilty on nine dishonesty charges, brought against him following an investigation by ...

One third of Australians trust robo-advice

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... led to their mainstream adoption, he added. Despite the groundswell of trust in robo-advice, the Thinque research found fraud was still a key concern for the public when it came to trust in the financial services sector. About 80% of respondents said ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
The prudential regulator's powers have been bolstered thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...

Charities and trust: Glass half empty or half full?

KANIKA SOOD  |  TUESDAY, 19 FEB 2019
A recent survey says Australia's trust in non-profits strengthened last year, yet complaints received by the charity regulator are rising. The 2019 Edelman Trust Barometer found 56% of Australians trusted non-governmental organisations to do the right ...