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Showing 341 - 350 of 806 results for "Fraud"

ASIC slams SMSF advice, flags further education reform

JAMIE WILLIAMSON  |  FRIDAY, 29 JUN 2018
... strategy; and 29% were under the impression that SMSFs had the same level of protection as APRA-regulated funds in the event of fraud. Kell said this is concerning as decisions about super are some of the most important a person can make. "ASIC found ...

Powered by Lloyds and KPMG, insurtech offers cybersecurity insurance

KANIKA SOOD  |  MONDAY, 28 MAY 2018
... insurtech is offering clients protection from cybersecurity concerns such as ransomware, malware and social engineering fraud. Edmund claims to be Australia's first dedicated digital cyber insurance provider or "insuretech" and will cater to small-medium ...

Former adviser faces fraud charges

HARRISON WORLEY  |  MONDAY, 28 MAY 2018
A former financial adviser permanently banned by ASIC in 2016 has appeared in court, charged with $5.9 million of fraud. Ben Jayaweera has been charged with six counts of fraud for allegedly causing detriment to clients whilst an authorised representative ...

VOFF asks Medcraft to "face the music"

ALEX BURKE  |  WEDNESDAY, 23 MAY 2018
Victims of Financial Fraud (VOFF) are calling on former ASIC chair Greg Medcraft and deputy chair Peter Kell to answer for alleged mishandling of financial services regulation. VOFF wants Medcraft and Kell to be recalled to the Royal Commission so they ...

Blue Sky short seller launches new fund

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... money raised from investors. Many of these led to companies being delisted and management being charged with securities fraud. "I could not be prouder of our track record at Glaucus. We built a global brand with a reputation for delivering insightful ...

Tech is all upside for insurance: HSBC

HARRISON WORLEY  |  MONDAY, 14 MAY 2018
... issues. In the report HSBC outlines the various ways in which insurtech can impact an insurer's business model including fraud detection, providing accurate health assessments and driving advice in claims processing - especially with data garnered through ...

ASIC tightens grip on ICO issuers

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... up regulatory actions against ICOs, bringing in criminal charges for fraudulent ICOs. Last month, SEC identified an ICO fraud that had raised $32 million from investors. Centra Tech Inc. allegedly deceived investors by making claims about nonexistent ...

Adviser regulation lacking a professional body, RC hears

KARREN VERGARA  |  FRIDAY, 27 APR 2018
The Association of Financial Advisers decided to retain two financial advisers as members despite them receiving official banning orders from ASIC because the association didn't want to tarnish its reputation and engage in a legal battle. AFA chief ...

ANZ issues last minute RC submission correction

JAMIE WILLIAMSON  |  MONDAY, 16 APR 2018
ANZ issued a correction to its submissions to the Royal Commission over the weekend ahead of the next fortnight's hearings on financial advice. Senior Counsel Assisting Rowena Orr said the Royal Commission was provided with a correction by ANZ on Sunday ...

ASIC disqualifies two SMSF auditors

ALEX BURKE  |  TUESDAY, 10 APR 2018
ASIC disqualified two self-managed super fund auditors - one in South Australia and one in the ACT - for breaching independence requirements. The South Australian auditor, John Tretola, was found to have breached his independence requirements of APES ...