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Showing 21 - 30 of 343 results for "Crime"

Cbus welcomes new head of risk transformation

ELIZA BAVIN  |  TUESDAY, 9 SEP 2025
... transformation programs. Prior to taking on her new role, Burns spent more than 20 years at ANZ most recently as head of financial crime transformation in the Australian retail and commercial divisions. Cbus chief risk officer Martha Georgiou said: "We're ...

Binance under microscope over loose controls

MATTHEW WAI  |  MONDAY, 25 AUG 2025
... scales. "All digital currency operators need to ensure they are complying with Australian law and limiting their exposure to crime." He added that AUSTRAC's National Risk Assessment 2024 highlighted the increasing vulnerability of digital currencies ...

Four men charged over sophisticated bond scam

MATTHEW WAI  |  FRIDAY, 8 AUG 2025
... "directly involved" in operating the investment scam, the four allegedly dealt with victim funds which were the proceeds of crime and were "reckless as to whether those funds were proceeds of crime." ASIC believes those funds were deposited into various ...

Guilty plea entered in Ponzi scheme case

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
... and AFSL and duped investors out of nearly $2 million has pleaded guilty to dishonest conduct and dealing with proceeds of crime. Ashley Arandez pleaded guilty to dishonest conduct, unlicensed conduct, and dealing with proceeds of crime between September ...

ASIC bans investment scammer

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... businesses. On 27 June 2024, Beresford pleaded guilty in the County Court of Victoria to false document and proceeds of crime offences and was sentenced to 85 days imprisonment and a 30-month Community Corrections order. ASIC said it worked closely with ...

APRA expects 'no cutting corners' with CPS230

KARREN VERGARA  |  TUESDAY, 1 JUL 2025
... tradeoff of the quality of service and things like the proper level of investment in cyber security and protection against crime and so on. So, it is a balance." McCarthy Hockey said that "recent events have helped very much emphasise that there isn't ...

Telegram pump and dump schemers plead guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JUN 2025
... Stuart, Emma Summer and Syed Yusuf pleaded guilty to conspiracy to commit market rigging and dealing with the proceeds of crime. Quinlan, Stuart and Summer were involved in the conspiracy between about 28 August 2021 and about 22 September 2021, while ...

Former director sentenced over 'test' trading accounts

MATTHEW WAI  |  THURSDAY, 22 MAY 2025
A former financial services director, who dishonestly obtained near $1 million by tricking his clients into investing into a "test" trading platform, has had his sentence handed down. Mark Francis McCabe was sentenced to four years and three months' ...

Government to 'crack down further' on financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 23 APR 2025
The government will introduce new measures to target perpetrators of financial abuse, as part of its gender equality plan Building Australia's Future: Labor's Commitment to Women, launched yesterday by Labor senator Katy Gallagher and minister for social ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... sector," Delahunty said. "The superannuation sector isn't sitting back and taking our very low rates of scams and financial crime for granted, we note the specific concerns ASIC has identified in their letter today and we commit, through ASFA's Financial ...