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No bank is ready for AML

WWW.THESHEET.COM  |  FRIDAY, 15 JUN 2007
The gaming sector is well ahead of financial institutions in adapting to the new anti money laundering and counter-terrorism financing laws according to a survey conducted by Pricewaterhouse Coopers in March. The survey also revealed that 90 percent ...

Shorting no longer needs a tick: SEC

CHRIS NICHOLLS  |  FRIDAY, 15 JUN 2007
In an historic decision, the US Securities and Exchange Commission (SEC) yesterday voted 5-0 to remove an almost 70-year-old rule that banned investors from shorting stocks while the price was still falling. The vote removed the so-called 'tick test' ...

Market wrap - midday

AAP  |  FRIDAY, 15 JUN 2007
Continued strength on Wall Street and higher base metal prices are expected to drive further gains on the local bourse when it opens this morning. At 0752 AEST on the Sydney Futures Exchange, the June share price index was up 30 points to 6298. In corporate ...

Market wrap - midday

AAP  |  THURSDAY, 14 JUN 2007
The Australian share market remained higher at noon after strong Wall Street gains sparked a rebound from yesterday's losses. At 1200 AEST, the S&P/ASX200 Index had gained 58.7 points to 6239.4, while the all ordinaries put on 59.3 points to 6269.4. ...

Market wrap - morning

AAP  |  THURSDAY, 14 JUN 2007
A sharp rebound on Wall Street is expected to help the Australian market overcome patchy commodity prices and open higher. At 0756 AEST on the Sydney Futures Exchange, the June share price index was up 64 points to 6251. In economic news today, RBA ...

Market wrap - morning

AAP  |  WEDNESDAY, 13 JUN 2007
A sharp drop in base metal prices and Wall Street stocks are expected to drive the Australian share market down when it opens this morning. At 0653 AEST on the Sydney Futures Exchange, the June share price index was down 76 points to 6175. The Federal ...

Market wrap - morning

AAP  |  FRIDAY, 8 JUN 2007
The Australian share market is expected to fall again following a third day of losses on Wall St, and continued weakness in commodity prices. At 0648 AEST on the Sydney Futures Exchange, the June share price index was down 92 points to 6224. In the ...

Market wrap - morning

AAP  |  THURSDAY, 7 JUN 2007
The Australian share market is expected to fall sharply today after losses on overseas markets, including Wall St, and another slump in commodities prices. At 0724 AEST on the Sydney Futures Exchange, the June share price index was down 77 points to ...

Economic round-up: RBA thumbs-up

SUZY MAC  |  WEDNESDAY, 6 JUN 2007
There were no real surprises this morning with the Reserve Bank of Australia giving the Australian economy the thumbs-up and deciding to leave interest rates at 6.25 per cent for the sixth time. Also released today were the ABS's March quarter National ...

Market wrap - morning

AAP  |  WEDNESDAY, 6 JUN 2007
The Australian share market is expected to fall today following losses on Wall St, and weaker commodity prices overnight. At 0740 AEST on the Sydney Futures Exchange, the June share price index was down 29 points to 6373. In economic news, the Reserve ...