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Showing 381 - 390 of 817 results for "fraud"

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 ...

ASIC advances towards telecommunication intercept powers

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
... materials, seized by another government agency, in cases of alleged insider trading, market manipulation and financial services fraud. The new powers, outlined in the ASIC Enforcement Review Taskforce position paper, are hoped to boost the regulators ...

Police charge man with super fraud

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2017
A Sydney man allegedly involved in a $1.8 million fraudulent superannuation scheme will face court today. NSW police charged the 47-year-old man with 20 counts of deception and dishonestly taking financial advantage; seven counts of using false documents ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
FoFA reforms protecting consumers against conflicting remuneration structures when purchasing wealth products should be broadened to retail banking consumers as well, according to the Finance Sector Union. Speaking at yesterday's Senate inquiry into ...

Man posing as financial adviser charged

EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
... refused bail and will appear at Central Local Court today where police will alleged the funds had been used for gambling. The fraud offences have been valued at approximately $750,000. The arrest follows the establishment of Strike Force Penwell late ...

Personal security concerns reach new high: Unisys

EMMA RAPAPORT  |  THURSDAY, 22 JUN 2017
... Australians are extremely or very concerned about unauthorised access to, or misuse of, personal information. Bank card fraud: 55% of Australians are similarly concerned about other people obtaining or using their credit/debit card details. To best protect ...