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Showing 21 - 30 of 407 results for "Remediation"

Sequoia hires chief operating officer

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... years' experience, most notably serving in ASIC's assessment and intelligence team. Bringing skills in audit, remediation, breach management, and policy enforcement, Sequoia said he will "further enhance our compliance efforts." "The new appointments ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... between Vanguard and ourselves, to have a discussion with Vanguard, and in doing both, we found that our expectations of remediation were met. "In general terms, all products seeking RIAA certification are examined for their practices and processes against ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... obligations in the future. "AUSTRAC will continue to work with the group to ensure ongoing compliance and to monitor the remediation and uplift undertaken by the entities in response to the external auditor findings and recommendations," it said. Bell ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... can leave someone over $50,000 worse off in retirement. Following the review, three super trustees have commenced remediation programs aimed at refunding fees and premiums paid on multiple accounts that were not identified. While ASIC did not name the ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... compliance, improving disclosures about application funds, and notifying ASIC of any reportable situations or paying remediation. Meanwhile, ASIC also reached out to major auditing firms and industry bodies to reiterate the role auditors can play in ...

Former Capstone adviser in EU with ASIC

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... financial service, legal or accounting business. The misconduct has resulted in Blackaby and Capstone undertaking a remediation program for Blackaby's clients, which has so far seen more than $500,000 paid back to clients whose records were not sufficient ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... said BOQ has acknowledged the weaknesses set out in the CEU and has agreed to several requests, including preparing a remediation plan that details all activities BOQ is undertaking, or will undertake, to address the weaknesses, with a clear timeline ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
MLC Life will pay $10 million, in addition to $12 million in remediation, for failing to pay promised rehabilitation benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations ...

AustralianSuper to refund 100k members

CHLOE WALKER  |  FRIDAY, 12 MAY 2023
... not have happened, and we apologise unreservedly to members," AustralianSuper said. "The fund is taking appropriate remediation actions and has self-reported the issue to the regulators." To make good, AustralianSuper said it will contact around 100,000 ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... and informal contexts such that people can raise concerns in a way that is safe, Brodie said. The step of remedy and remediation is an area where investors can participate as long-term owners, Turner said. "As investors, once an instance has been found ...