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Showing 351 - 360 of 792 results for "fraud"

Former adviser cops 10-year imprisonment

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2017
The former principal of Sherwin Financial Planners was sentenced to 10 years imprisonment for fraud. Bradley Thomas Sherwin was found guilty of 25 charges following an ASIC investigation arising from of the collapse of his financial planning business ...

Cyber-security fears strike industry: Research

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
... effectively manage compliance. Ensuring people are educated will also help to raise awareness of the risks of money laundering, fraud, insider trading, breaches of privacy and data protection legislation," he said. The Australian Cyber Security Centre ...

S&P hit with historic court decision

ALEX BURKE  |  TUESDAY, 31 OCT 2017
... a result of investments in allegedly fraudulently-rated SCDOs to "when they could have reasonably discovered the deceit/fraud." SPB is also pursuing similar class actions concerning SCDOs issued by Lehman Brothers Australia, ANZ and Oakvale Capital. ...

Cyber training is advice value-add: AUSTRAC

DARREN SNYDER  |  THURSDAY, 12 OCT 2017
AUSTRAC director strategic intelligence and policy David Hawkins believes there are opportunities for financial advisers to value-add by providing cyber training services. Speaking at the AFA 2017 National Adviser Conference on the Gold Coast, Hawkins ...

The rise and impact of insurtech

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2017
... transactions. However, the study shows that consumers still value their long-held relationships with incumbents, citing security and fraud protection (45.9%), brand recognition (43.7%) and personal interaction (41.6%) as areas in which incumbents beat ...

Small licensees are PI insurance compliant: ASIC

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... representatives and revenue of $2 million or less. It aimed to determine if the licensees were complying with defence costs, fraud and dishonesty requirements under Regulatory Guide 126. Only three licensees were found to be problematic in not meeting ...

ASIC flags stronger adviser surveillance

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2017
... lending (59%), followed by other miscellaneous misconduct (30%), dishonest conduct and misleading statements (8%), and theft, fraud and misappropriation (3%). When it came to corporate governance misconduct, ASIC mainly took action against directors ...

Former AMP adviser banned for $2.5m fraud

JAMIE WILLIAMSON  |  MONDAY, 21 AUG 2017
... replace funds already misappropriated. On 23 June 2017 Noonan pleaded guilty in the Supreme Court of Tasmania to 97 counts of fraud and 10 counts of stealing. He was sentenced to six-and-a-half years in prison, with a non-parole period of half that time. ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... over 50 new staff specialising in this area; a $40 million investment in new financial crime technology; and the upgrade of fraud monitoring technology. As reported yesterday, CBA also responded to AUSTRAC's allegations by reducing Narev's and other ...

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
... for current paper-based bank guarantee documents, resulting in a single source of information with reduced potential for fraud and increased efficiency. Click here to read Darren's latest Financial Standard editorial. Blockchain's potential is not being ...