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Showing 371 - 380 of 726 results for "Proceedings"

IOOF settles class action

JAMIE WILLIAMSON  |  MONDAY, 25 MAY 2020
... bought stock between 27 May 2015 and 6 December 2018 who saw the stock price fall by 35% when APRA launched legal proceedings against IOOF and five directors in December 2018. The law firm further alleged IOOF's conduct breached continuous disclosure ...

Client drags advice firm, advisers to court

KANIKA SOOD  |  WEDNESDAY, 20 MAY 2020
... August 2015, when Giam and her son claim to have discovered some of the fraud and broke off the relationship. The proceedings commenced in November 2016. Last October, they were set for 10 days of hearings to start on 25 May 2020. The Pattersons contend ...

Westpac announces executive changes

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... of the COVID-19 pandemic. It comes as Westpac filed its defence in the Federal Court in relation to ongoing AUSTRAC proceedings. King said Vance would help the bank continue on its journey to improving its financial crime capabilities and management. ...

Westpac admits to failures

ELIZABETH MCARTHUR  |  MONDAY, 18 MAY 2020
On Friday, Westpac filed its defence in the Federal Court in relation to proceedings brought by AUSTRAC regarding alleged breaches of anti-money laundering and counter terrorism financing laws. "Westpac accepts the gravity of the issues raised by the ...

Curtains fall for two financial services companies

ALLY SELBY  |  MONDAY, 27 APR 2020
... of Brisbane. ASIC said the move comes to protect Australians from the conduct of the two firms. "ASIC commenced the proceedings to protect the public in circumstances where it holds concerns about the conduct of the affairs of these companies and their ...

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... Council of Australia, before moving on to AFCA, Allianz, ClearView and AIA. TAL Life - who is defending Federal Court proceedings brought against it by ASIC relating to a case referred to it by Royal Commissioner Kenneth Hayne - will round out the da ...

Former ASIC lawyer joins private firm

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... of the senior managers responsible for running high-profile investigations and for launching related civil penalty proceedings. Tony Coburn, consultant and head of the Australian Banking Regulatory team at Herbert Smith Freehills, said Symons' background ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... and China had just reached a trade agreement and the Fed's three rate reductions and expectations of a pause in proceedings, among others, along with the rise and rise in the equity markets made it so. Among the risk factors the IMF identified three ...

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
Westpac today announced expected increased costs associated with AUSTRAC proceedings of $1.03 billion. On top of that, the bank has increased provisions for customer refunds, repayments and litigation by $260 million. It's also had to write down ...

ASIC winds up three financial services companies

ELIZA BAVIN  |  WEDNESDAY, 8 APR 2020
... Falconer and My Wealth Adviser wound up. On 6 March 2020, ASIC applied to have AWSM wound up. ASIC said it commenced the proceedings to protect the public in circumstances where it holds concerns about the conduct of the affairs of those companies and ...