Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 481 - 490 of 807 results for "Fraud"

Trio victims condemn Astarra director jail release

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
The Victims of Financial Fraud (VOFF) have condemned the release of Astarra Asset Management former director Shawn Richard after two years and six months in prison. The organisation that represents the victims of the Trio Capital fraud have described ...

APRA releases final SuperStream reporting standards

JAMES FERNYHOUGH  |  THURSDAY, 5 DEC 2013
... recognise that there will always be a role for human intervention in administrative functions, whether for quality assurance, fraud control or error remediation. However, SuperStream is expected to facilitate an increased proportion of transactions which ...

Adviser forced to pay back $684,000

LAURA MILLAN  |  THURSDAY, 28 NOV 2013
... also revealed that a former Perth-based financial adviser has been ordered to stand trial for more than $3.7 million in fraud and stealing offences. Todd Michael King was charged in September 2013 with one count of fraud and four counts of stealing ...

ASIC beefs up surveillance system

MARK SMITH  |  MONDAY, 25 NOV 2013
... services software provider First Derivatives, which was behind the upgrade, provides ASIC with new capabilities in identifying fraud across and between different markets. The speed of the system, which is based on First Derivatives' Delta Stream technology ...

Market Wrap AM

AAP  |  MONDAY, 25 NOV 2013
The Australian market looks set to open higher after Wall Street's S&P 500 closed above 1,800 for the first time and the Dow recorded a fresh record. At 0810 AEDT on Monday, the December share price index futures contract was up 23 points at 5,372. ...

Customers accuse NAB of "predatory lending" in Senate inquiry

LAURA MILLAN  |  FRIDAY, 8 NOV 2013
The National Australia Bank (NAB) does not intend to make a submission to the Senate inquiry into the performance of the Australian Securities and Investment Commissions (ASIC) despite customer submissions accusing the bank of "predatory lending." A ...

ANZ praises ASIC "integrity" amid consumer complaints

LAURA MILLAN  |  WEDNESDAY, 6 NOV 2013
... consumer Julie Wignall notes that "the FOS is placing time limits of six years on cases where they admit there is evidence of fraud." "The statutory limits on fraud are 20 years, so the FOS find multiple cases of bank fraud by insiders to the banks ...

ASIC funding in spotlight after annual report release

LAURA MILLAN  |  THURSDAY, 31 OCT 2013

SIFMA talks up Wall Street cyber defences

ALEX DUNNIN  |  WEDNESDAY, 23 OCT 2013
The US Securities Industry and Financial Markets Association (SIFMA) has released its assessment report of their Wall Street cyber attack simulation and while it confirms their protocols performed adequately, it was the soft attack weapons that were ...

Former Trio director provides enforceable undertaking

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
... Trio board member to provide an enforceable undertaking to APRA. The Trio Capital collapse was the biggest superannuation fraud in Australian history, seeing losses of more than $170 million.