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Showing 421 - 430 of 683 results for "Proceedings"

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
Commonwealth Bank will pay $700 million to resolve civil proceedings brought against it by AUSTRAC for contravening anti-money laundering and counter-terrorism laws - almost double what it anticipated. CBA has announced it reached an agreement with ...

ANZ, Deutsche and Citigroup under investigation for alleged cartel conduct

KANIKA SOOD  |  FRIDAY, 1 JUN 2018
... ACCC investigates cartel conduct, manages the immunity process and, in respect of civil cartel contraventions, takes proceedings in the Federal Court of Australia. The CDPP is responsible for prosecuting criminal cartel offences in accordance with the ...

Former adviser faces fraud charges

HARRISON WORLEY  |  MONDAY, 28 MAY 2018
... undertaking preventing Jayaweera from providing financial product advice to retail clients in February 2016. Civil proceedings were commenced by the regulator against Jayaweera and Growth Plus in October 2016, after the ATO wound up the business over ...

ASIC cancels Melbourne firm's AFSL

KANIKA SOOD  |  THURSDAY, 17 MAY 2018
... knowingly concerned in the breaches. Fucco was also asked to pay $100,000 towards ASIC's costs of investigating and court proceedings. He also had to agree to an order restraining him from providing financial services for ten years. WRM was granted an ...

AMP hit with another proposed class action

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
... defend the actions brought against it by Phi Finney McDonald and Quinn Emanuel Urquhart and Sullivan. The former filed proceedings against AMP in the Federal Court. Backed by IMF Bentham, it is representing those who purchased shares between 6 May 2013 ...

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
... Commission. In an ASX announcement on the morning of its AGM, AMP stated it had been served with two class action proceedings. It comes only days after three directors stepped down amid shareholder discontent. Backed unconditionally by global litigation ...

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
... fee for no service clients, as at December end, in its Royal Commission submissions. ASIC initiated civil penalty proceedings against CBA in January, alleging it traded in the bank bill market with the purpose of affecting the yield and the BBSW to its ...

Budget 2018: Social media reaction

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
... https://t.co/o65bB86uwX #auspol #Budget2018 - Liberal Party (@LiberalAus) May 8, 2018 Federal Treasurer Scott Morrison began proceedings by saying the Government continues to live within its means. Fill up your piggy bank: The Government says the underlying ...

ASIC drags NSW adviser to court

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... life insurance commissions from illegitimate applications, will face the Federal Court this month. ASIC has commenced proceedings against Graeme Walter Miller and three related companies: CFS Private Wealth Pty Ltd, Combined Financial Solutions and BDM ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
... be set by a multiple of benefit gained or loss avoided, and lastly, to allow for disgorgement of profits in civil proceedings. However, it is waiting for the financial services Royal Commission's findings to act on three sets of recommendations: self-reporting ...