Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 381 - 390 of 792 results for "fraud"

Whistleblower protections under microscope

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
... Open Government National Action Plan, aims to ensure appropriate protections are in place for people who report corruption, fraud, tax evasion or avoidance, and misconduct within the corporate sector. "Whistleblowing plays a critical role in uncovering ...

Financial services exposed to high cyber risk

JAMIE WILLIAMSON  |  TUESDAY, 20 DEC 2016
The increased potential for financial gain is making financial services businesses a greater target for malware attacks, with these now more likely than any other form of cyber security incident. This is the key finding of new survey results published ...

Super disputes kept aside in Treasury review

DARREN SNYDER  |  WEDNESDAY, 7 DEC 2016
... Industry (Supervision) Act 1993, can be invoked where a fund faces difficulty paying benefits because of a loss suffered due to fraud or theft." Fahy said the implications of a broader compensation scheme would require careful consideration, with a need ...

Saving super from Tinder sex bots

ALEX BURKE  |  THURSDAY, 17 NOV 2016
Customer expectations have irrevocably shifted in the era of "service aggregation" and super funds ignore this at their peril, according to Telesign chief executive Aled Miles. Speaking at the 2016 Association of Superannuation Funds of Australia conference ...

Former adviser receives jail sentence

KERRIE SYDEE  |  WEDNESDAY, 16 NOV 2016
... Darren Wise, formerly of Rhodes New South Wales, pleaded guilty to one count each of forgery and using forged documents fraud. Wise will be eligible for parole after he has served 20 months. The charges related to Wise's conduct between 23 October 1997 ...

ASIC permanently bans jailed adviser

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
ASIC has permanently banned a financial adviser after she was sentenced to imprisonment for fraud and stealing. Queensland based Linda Whelan was permanently banned from providing financial services or engaging in credit activity after she was sentenced ...

Industry can expect significant cyber-attacks: APRA

ALEX BURKE  |  FRIDAY, 7 OCT 2016
... ransomware attacks, "website defacement" incidents and misuse of company social media accounts, as well as internet banking fraud, phishing and malware attacks. APRA said that for the most part, these incidents "appear to have been managed effectively." ...

Fraudulent adviser faces court

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2016
A former New South Wales financial adviser has appeared in court over 19 fraud-related charges brought by ASIC. Following an investigation by the regulator, Gabriel Nakhl faced the Local Court of New South Wales yesterday, accused of engaging in dishonest ...

ASIC bans fraudulent adviser

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
ASIC permanently banned a financial adviser after he was sentenced and imprisoned for fraud charges. Sandeep Madhoji is permanently banned from providing financial services or engaging in credit activity following the successful prosecution of the Queensland ...

ASIC hands down permanent and four year bans

KERRIE SYDEE  |  FRIDAY, 16 SEP 2016
ASIC has permanently banned a company director and has banned an alternative investment manager and director for four years. Steven Hill was permanently banned from engaging in credit activities and providing financial services after an ASIC investigation ...