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Showing 531 - 540 of 3558 results for westpac

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... Portfolio, which sees ASIC investigate the potential failings of Australia's six largest financial institutions: NAB, Westpac, CBA, ANZ, Macquarie and AMP.

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
APRA has put Westpac on notice; warning the disgraced bank could face fines and disqualification of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the ...

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... take enforcement action. Our enforcement appetite is working." Byres also told the committee that it is important, while Westpac is receiving a lot of negative attention, to not lose sight of other issues which are important for delivering a resilient ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... governance following the Royal Commission. The question prompted the panel to discuss AUSTRAC's recent claim that Westpac breached anti-money laundering laws 23 million times. Thomas explained it was particularly disappointing for her and her clients ...

AFSLs show widespread non-compliance: ASIC

ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... robustness of their compliance measures. AFS licensees that are or were part of the AMP, ANZ, CBA, Macquarie, NAB and Westpac financial services groups were not included in the review. "This was because we were already looking at the conduct of these ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
Westpac has opened the exit door for share purchase plan investors caught unaware by AUSTRAC's action against the bank. Following discussions with corporate regulator ASIC, Westpac has opted to provide a withdrawal option for applicants to its share ...

ACSI, AFIC respond to Westpac scandal

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... Council of Superannuation Investors welcomed the announcement today that Brian Hartzer will step down as chief executive of Westpac. "The actions taken today reflect the seriousness of the incidents and the failure of the bank to meet community expectations. ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
More woe for Westpac as ASIC confirms it has commenced an investigation into the bank following AUSTRAC's actions in relation to money laundering. An ASIC spokesperson told Financial Standard : "ASIC can confirm that it commenced an investigation ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
Westpac chief executive Brian Hartzer has stepped down in the wake of AUSTRAC's investigation. Westpac today announced Hartzer will exit, with current chief financial officer Peter King taking over as acting chief executive from December 2. Hartzer ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... financing laws. Announcing the bank's three-point response plan to the statement of claim launched by AUSTRAC last week, Westpac chair Lindsay Maxsted yesterday said the bank was determined to fix its issues and lift standards. As a result, the bank's ...