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Showing 351 - 360 of 806 results for "Fraud"

Spotlight on financial elder abuse

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
... relationship resulting in personal gain by someone else - are on the rise. "Illegal exploitations are easier to identify; fraud or theft can generally be found on paper. But improper exploitation doesn't need to involve malicious intent. It can sometimes ...

Aurora repays stolen $1 million

ALEX BURKE  |  TUESDAY, 27 MAR 2018
Aurora Funds Management has repaid the $1 million misappropriated from its Buy-Write Income Trust (AUP). The money, which Aurora traced to SIV Asset Management (SAM), formerly known as Aurora Funds Limited, was fully repaid into AUP. In addition, Aurora ...

ASIC closes doors on Storm charges with two fines

ALEX BURKE  |  FRIDAY, 23 MAR 2018
... in circumstances where nobody else has been prosecuted - well, Justice Edelman conceded that there was no criminality. No fraud. All the money, essentially, had been accounted for. In fact, I would go so far as to say that with the wisdom of hindsight ...

Convicted SMSF auditor disqualified

KANIKA SOOD  |  MONDAY, 19 MAR 2018
ASIC has disqualified a Melbourne-based SMSF auditor who is serving a jail term for previous charges. Nayanaka Arjuna Samarakoon pleaded guilty to criminal offences that included dealing with property reasonably suspected of being proceeds of crime ...

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
The Royal Commission will set its sights on the financial advice industry in April, with the first hearing taking place on the 16th. The first round of public hearings commenced today and focused on consumer lending practices regarding credit products ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
Financial advisers account for more than one-third of all serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last ...

Reinvigorated OneVue inches up platform rankings

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
OneVue is gaining traction among financial advisers, with its functionality trumping that of Colonial First State's FirstWrap, according to the latest platforms analysis from Investment Trends. Of the 19 full-function platforms studied, OneVue re-entered ...

EY issues ICO theft warning

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2018
... the first place. Once new standards are in place that are accepted by all participants-allowing for improved transparency, fraud prevention, and legitimacy - the protection of investors and users alike has a greater chance of success." The International ...

Commonwealth Bank launches chatbot banker

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... Steel said. The chatbot also provides an end-to-end experience if a customer needs to speak to a person to speak to report a fraud or apply for a product. "As our customers increasingly transact online, we have continued to develop additional channels ...

IOSCO issues caution over ICOs

DARREN SNYDER  |  FRIDAY, 19 JAN 2018
... illegally in violation of existing laws - raises investor protection concerns," IOSCO said. "There have also been instances of fraud, and as a result, investors are reminded to be very careful in deciding whether to invest in ICOs." ICOs, also known ...