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Showing 381 - 390 of 566 results for "Civil"

White-collar crime penalties to skyrocket

KARREN VERGARA  |  TUESDAY, 24 OCT 2017
ASIC could soon impose substantial civil penalties and lengthy prison time for financial services corporations and employees guilty of misconduct, a review of its enforcement powers has found. The final paper of the Financial System Inquiry (FSI) is ...

No more slack?

BENJAMIN ONG  |  MONDAY, 9 OCT 2017
It was the surprise that wasn't. US non-farm payrolls declined by 33,000 in September and it followed an upwardly revised 169,000 gain (from +156,000) in the previous month. Sure the extent of the fall was less than market consensus for a 100,000 addition ...

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... four years. The bill also proposes APRA to have greater powers to investigate and disqualify senior executives; it may seek civil penalties of up to one million penalty units if an ADI breaches its obligations under BEAR. The explanatory memorandum defined ...

Broaden ASIC banning powers: Report

KARREN VERGARA  |  THURSDAY, 7 SEP 2017
... expectations, including through stronger powers for APRA to remove and disqualify senior executives and directors and through new civil penalties," O'Dwyer said. "The Government and the community are demanding better from those who occupy senior roles ...

CBA class action moves forward

KARREN VERGARA  |  TUESDAY, 5 SEP 2017
... undertakes a review of its life insurance business, CBA said. The bank also confirmed yesterday it will file its defence to the civil penalty proceedings initiated by AUSTRAC by December 15. AUSTRAC will file its response by 16 March 2018. CBA said its ...

Financial services leaders push for marriage equality

EMMA RAPAPORT  |  THURSDAY, 24 AUG 2017
... managing director of J.P. Morgan Janine Middleton, who personally signed a joint letter to the Prime Minister in support of civil marriage equality in March, added that all employees should have the opportunity to perform to the best of the potential ...

CBA senior executives forego bonuses

EMMA RAPAPORT  |  TUESDAY, 8 AUG 2017
... board took into consideration the heightened public interest in executive remuneration, particularly having regard to the civil penalty proceedings initiated last week by the Australian Transaction Reports and Analysis Centre (AUSTRAC). "In advance of ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
The Commonwealth Bank is potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal ...

ACSI urges investor action on slavery, warns of financial risks

EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
... chains, including; mandatory reporting, with provision for board approval, public disclosure, independent oversight and civil penalties. "Investors need accurate information about how companies are managing slavery risks," Davidson said. "Companies that ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... licensee to operate a fund. Making directors of superannuation funds who breach their duties to members subject to the same civil and criminal penalties as directors of ordinary managed investment schemes.