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Showing 381 - 390 of 806 results for "Fraud"

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
Financial advice practices will be able to equip staff with greater knowledge and understanding around identifying and preventing elder financial abuse through a selection of new education and training materials. Protecting Seniors Wealth has launched ...

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
The Federal Opposition is acting to protect employees and small businesses from phoenix activity through a package of proposed reforms. The package will see the granting of new enforcement tools for the Australian Securities and Investments Commission ...

Senior ATO official tangled in $165m fraud scandal

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... for their own personal gain, channelled through an elaborate series of companies and trusts. "The scale of this alleged fraud is unprecedented for the AFP; the response from our members yesterday is a direct response to the level of offending that we ...

AUSTRAC launches tool to help advisers fight terrorism

ALEX BURKE  |  TUESDAY, 2 MAY 2017
... and analysing client information, which may reveal inconsistent or altered documentation; unexplained wealth; Centrelink fraud; or company/trust structures with unclear beneficiaries. Other red flags could appear during the provision of advice: the client ...

Banks can offer fintech an olive branch

EMMA RAPAPORT  |  MONDAY, 1 MAY 2017
... warned the use of certain fintech services could invalidate the protection CBA provides from losses on accounts relating to fraud. Specifically, the bank warned customers about on screen-scraping technology which requires customers to disclose online ...

Adviser contravenes FoFA obligations

EMMA RAPAPORT  |  MONDAY, 20 MAR 2017
... investigation has led to the arrest of Queensland based financial adviser Dr Roger Gareth Munro following five counts of fraud under s408c of the Queensland Criminal Code. In 2015, ASIC filed a successful application in the Supreme Court of Queensland ...

Major ASIC project finds serious financial advice concerns

ALEX BURKE  |  FRIDAY, 17 MAR 2017
ASIC has released a report on how large financial advice firms have addressed serious conduct, compliance and customer remediation issues, revealing serious concerns about how the industry has operated over the past five years. The report is part of ...

Fintech investment needs balance: APRA

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
... cyber security. The report also flags the failure of financial firms to "know-the-client" for reasons of anti-laundering and fraud control. "Opening an account through the internet affords clients an opportunity to enter false information that masks ...

FPA expels and fines dishonest member

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
The Financial Planning Association Conduct Review Commission Disciplinary Panel has expelled financial adviser Darren Tindall and issued a fine of $16,000. In a determination handed down on 10 February, the CRC decided to expel Tindall of PWM Advice ...

Banks flag adviser transparency in customer program

ALEX BURKE  |  MONDAY, 30 JAN 2017
... to help their customers through tough times. Banks also provide protection for customers who are the innocent victims of fraud. Many customers don't know about these products and services, and we want to change that," Mnchenberg said. "Banks are also ...