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Showing 421 - 430 of 792 results for "fraud"

ASIC seeks more bans in SMSF advice crackdown

ALEX BURKE  |  FRIDAY, 15 MAY 2015
... check who they are dealing with and remember SMSFs do not have access to compensation arrangements in the event of theft or fraud. There can also be significant tax penalties for those trustees of SMSFs who get it wrong." SMSF Owners' Alliance executive ...

ASIC developing regulatory guide for advice remediation

ALEX BURKE  |  WEDNESDAY, 6 MAY 2015
... financial advice institutions, most notably CBA, to determine instances where clients have been compromised by non-compliance or fraud. It will use its experience with these programs to develop a standardised process for future scenarios of this type. ...

Hockey launches Serious Financial Crime Taskforce

LAURA MILLAN  |  TUESDAY, 5 MAY 2015
... four years to the Serious Financial Crime Taskforce to investigate and prosecute cases of superannuation and investment fraud, identity crime and tax evasion. The taskforce is a continuation of Project Wickenby, which finishes in 2015 and has so far ...

Industry should help fund ASIC: ANZ

LAURA MILLAN  |  TUESDAY, 21 APR 2015
... industry behaviour and it is the industry's responsibility to better supervise its advisers and minimise the chances of fraud or poor advice," Hodges said. ANZ Global Wealth chief executive officer Joyce Phillips added that the industry needs supervision ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
... Securities and Investments Commission (ASIC) in mid-2013. "We need to know if banks have any evidence of criminal activity, fraud or forgery in their advice divisions. ANZ's $30 million in compensation proves that there is a systemic problem with financial ...

Combined Insurance to work with ASIC on fraud leak

ALEX BURKE  |  WEDNESDAY, 15 APR 2015
Combined Insurance Asia Pacific executive vice president Christopher Carey has said his company will "work with ASIC" to investigate the misconduct exposed by whistleblower Alison Moore. A former employee of the ACE Group-owned insurance firm, Moore ...

We don't need financial advice: Gen Y

DARREN SNYDER  |  THURSDAY, 9 APR 2015
... said they were concerned about too much security, which was a marked change from our 2012 report where data privacy and fraud were primary concerns," Craig said. "While 95% said they don't currently have a financial planner, and 84% think they don't ...

DeVere helped US press expose investment fraud

ALEX BURKE  |  WEDNESDAY, 25 MAR 2015
Global adviser group deVere provided evidence of what a spokesperson described as "one of the largest financial scams in history" to a US-based investigative news service. DeVere, which has recently been expanding its Australian operations, worked with ...

ASIC bans former Westpac problem gambler

ALEX GAMBOTTO-BURKE  |  FRIDAY, 27 FEB 2015
... permanently banned a former Westpac home finance manager from practicing financial services. Ravinesh Singh was convicted of fraud after working at Westpac's Market Street branch in 2011 and 2012, where he withdrew over $113,000 using eight credit cards ...

Ex-ANZ adviser sent to jail over $6m fraud

LAURA MILLAN  |  WEDNESDAY, 11 FEB 2015
A former ANZ financial adviser was jailed for six years and three months for defrauding over $5.9 million over a period of 20 years. Melinda Scott will serve three years and ten months in jail before being eligible for parole, the NSW District Court ...