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Showing 341 - 350 of 1606 results for "Investigation"

Breach reporting improvements needed: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... breaches, ASIC said 18% of the reports it received saw the licensee take more than a year to identify and commence an investigation. Further, 5% of reports indicated it took or was expected to take more than a year for an investigation to complete. In ...

Dixon Advisory pays $7m for poor advice

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... during the Global Financial Crisis. It was determined that the six representatives did not conduct a reasonable investigation of the clients' circumstances before providing the advice. In some cases, the poor advice resulted in the clients' SMSFs being ...

ASIC bans Sterling & Freeman director

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
... involved in business practices that were fraudulent, misleading or otherwise improper. This banning followed an investigation by ASIC into Saman's conduct concerning two home loan applications that he submitted to Auswide Bank for a family member and ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ...

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
The Perth Mint is the subject of an AUSTRAC investigation into compliance with anti-money laundering laws. The financial crimes regulator has ordered the appointment of an external auditor to Gold Corporation, which trades as The Perth Mint, to assess ...

Unlicensed forex trader extradited from Poland

CHLOE WALKER  |  FRIDAY, 19 AUG 2022
... Magistrates Court charged with eight counts of fraud, after being extradited from Poland and arrested following an ASIC investigation. The corporate regulator alleges that between May 2016 and November 2017, Ali dishonestly used funds provided to him ...

Competition for adviser relationships fierce: Report

ANDREW MCKEAN  |  MONDAY, 15 AUG 2022
... 10-year high given the prioritisation of efficiency and reliability by advisers now more than ever." Upon further investigation of the evolving technology needs of financial advisers, it was found that industry-wide, overall adviser satisfaction with ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... particular disclosure requirements when first contacted, the consequences for him would not have involved a protracted investigation, compulsory hearings, strike-off and criminal prosecution for serious offences," McGrath said. Nesseim's banning ...

Fraud charges laid over unlicensed scheme

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
... charged with 50 counts of fraud and is due to appear in Perth Magistrates Court on Friday. The charges follow ASIC's investigation which alleged that, between July 2013 and October 2018, Marco defrauded $36.5 million from nine investors. The regulator ...

Former adviser sentenced over theft

CHLOE WALKER  |  MONDAY, 18 JUL 2022
... Flowers - formerly known as Nigel Flowers - acted dishonestly as a company director and stole investor funds. ASIC's investigation was assisted by a report from the liquidators of Flowers Financial Management. According to the report, between 1991 and ...