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Showing 41 - 50 of 351 results for "Crime"

ASFA launches new initiative to fight financial crime

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
The Association of Superannuation Funds of Australia (ASFA) has launched of the ASFA Financial Crime Protection Initiative (FCPI), a project designed to bolster the superannuation sector's defences against the growing threat of financial crime. In collaboration ...

Director pleads guilty to 'dishonestly' obtaining near $1m

MATTHEW WAI  |  TUESDAY, 17 SEP 2024
The former director for Guevara Capital Access (GCA) and Online Trading Capital (OTC) has yesterday admitted he dishonestly obtained a financial advantage by deception in the Downing Centre District Court. Mark McCabe has pleaded guilty to three offences ...

TradingHub makes Australian debut

MATTHEW WAI  |  TUESDAY, 10 SEP 2024
... role in risk management at the ASX and most recently the executive general manager of one of Commonwealth Bank's financial crime remediation unit. "David and Michael's vast financial, regulatory and technology experience will not only help the Australian ...

Former director sentenced for misappropriating investor funds

JAMIE WILLIAMSON  |  MONDAY, 9 SEP 2024
The former director of Reiwa-Capital has been sentenced to home detention after he was found guilty of misappropriating $440,000 of investors' funds, including gambling some of it. Russell Sandiford was sentenced to two years and eight months imprisonment ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... however, criticised Cbus for not taking action to remove these board members despite allegations of "thuggery, organised crime, and corruption." This includes claims that CFMEU NSW state secretary Darren Greenfield boasted to corrupt building firms that ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... manager Murray Furlong has also said that he's "deeply concerned" about the alleged conduct and commentary that organised crime has infiltrated parts of the CFMEU. He said that any alleged conduct involving repeated, opportunistic, or deliberate ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... engaged in criminal conduct would be expelled. Since then, reportedly over 20 members, some of which have ties to organised crime, have been stood down. Concerningly, the investigation found a CFMEU official allegedly bragged about his power to secure ...

Industry demands action to stop abusers claiming victims' super

ANDREW MCKEAN  |  THURSDAY, 8 AUG 2024
The superannuation sector's biggest bodies are calling on the government to introduce legal reforms that would prevent family violence abusers from being able to access their victims' super. Existing laws permit abusers to claim an abuse victim's ...

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
... they did so with the intention of pumping the price before selling. They've also been charged with dealing in proceeds of crime as a result of selling the shares. They face a maximum penalty of 15 years' imprisonment and a fine of more than $1 million. ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... scale to offset costs have become less attractive. "ANZ is not immune to this pressure." Secondly, he said that financial crime regulation has become more important globally, with tougher laws and stronger enforcement positions. "Few banks have an appetite ...