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Showing 321 - 330 of 661 results for "Penalty"

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... licence. These introducers were engaged in credit activity, namely by assisting NAB customers to enter into home loans. "The penalty imposed by the Court reflects the serious contraventions by NAB and is an important result for ASIC's first civil ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
The Federal Court has imposed a $75 million penalty on OTC derivative issuer AGM Markets and former authorised representatives OT Markets and Ozifin. AGM was ordered to pay $35 million, while OTM and Ozfin have each been ordered to pay $20 million. ...

ANZ fined $10m

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... necessary to ensure that financial services were provided efficiently, honestly and fairly. The court ordered the $10 million penalty as result of this conduct. "The outcome and penalty imposed by the court is a strong deterrent message and reflects ...

Adviser charged with stealing super

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... later refunded the $1300 "fee" which he had obtained that way, ASIC said. If convicted, each offence carries a maximum penalty of 15 years' imprisonment.

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
... Julia Angrisano said 750 workers have been under paid as BOQ failed to pay workers their correct base rates, overtime, penalty rates and full superannuation entitlements. "We have been urging all the banks to review and audit their payrolls and we are ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... agreement (DPA) with the DOJ. This will see it pay approximately US$920 million for the misconduct, including a civil monetary penalty of around US$436 million, as well as restitution (around US$312 million) and disgorgement (approximately US$172 million) ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... Trading Commission and the Securities and Exchange Commission into whether traders rigged markets. This would be a record penalty for spoofing, an illegal form of market manipulation in which a trader places large orders to either buy or sell an asset ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws. As part of the agreement with AUSTRAC, Westpac has admitted to additional contraventions that were outlined ...

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
... instruction. State Street contravened 45(2) on 99 occasions in June 2008, according to AUSTRAC. Each contravention carries a penalty of $12,600 for a body corporate for offences committed before 1 July 2020, taking its total bill to about $1.25 million. ...

Rapper charged over crypto scandal

ALLY SELBY  |  MONDAY, 14 SEP 2020
... agreed to disgorge his ill-gotten gains plus interest, while Sparks, While and Smith each agreed to cough up a US$25,000 penalty. They will also be prohibited from participating in the issuance, purchase, offer or sale of any digital asset security for ...