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Showing 41 - 50 of 817 results for "fraud"

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... claims, inadequate support and services for customers, poor IT infrastructure and cyber resilience, all escalate risk of fraud and scam, it said. "Those operational failures by trustees or administrators can result in significant financial losses, compound ...

'Gross breach of trust': Former adviser sentenced to six years imprisonment

RIDDHIMA TALWANI  |  FRIDAY, 23 JAN 2026
... handed down by the District Court of Western Australia. Torre was sentenced to three counts of stealing and two counts of fraud resulting in the misappropriation of a total of $1.3 million of clients' superannuation funds during the period March ...

Small win for First Guardian victims amid platform transition

JAMIE WILLIAMSON  |  MONDAY, 5 JAN 2026
First Guardian victims who have been forced to remain members of the super funds that wronged them are now able to transfer out. Since the collapse of the investment scheme, members of AusPrac Super and YourChoice Super were essentially forced to remain ...

FEATURE | Recruitment: Laying foundations

RIDDHIMA TALWANI  |  MONDAY, 5 JAN 2026
... employers are favouring candidates with APRA and ASIC experience, and expertise in financial crime, anti-money laundering and fraud prevention. "Following the collapse of the Shield and First Guardian funds, Australia's financial services sector ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and fraud activity. Equip Super, TelstraSuper terminate merger plans Equip Super and TelstraSuper called off their proposed ...

Most read in 2025: Financial advice

STAFF WRITER  |  FRIDAY, 19 DEC 2025
... return of some familiar faces and a number of new entrants on the list. 8. Former adviser charged in alleged $160k super fraud case Former financial adviser Abdullah Popal has been charged with alleged fraud offences in Sydney's north-west, accused ...

ASFA expands financial crime prevention framework for super trustees

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
... Association of Superannuation Funds of Australia (ASFA) has launched two new tools to help super trustees strengthen their fraud controls. The new features, dubbed the Scams and Fraud Toolkit and the Scams Policy Template, are now available and come ...

FEATURE: Private credit | At the precipice

GLENDA KORPORAAL  |  FRIDAY, 12 DEC 2025
... than reaching for incrementally more spread," he says. He says the recent high-profile defaults in the US had elements of fraud and inadequate oversight. "They seem as much or more related to the securitisation and syndicated loan markets or asset-based ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA  |  WEDNESDAY, 10 DEC 2025
Diversa Trustees said it will be "vigorously defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent." ASIC has ...

Government cracks down on financial abuse via coerced directorships

RIDDHIMA TALWANI  |  THURSDAY, 27 NOV 2025
The government has opened consultation to combat financial abuse in families perpetrated through coerced directorships. The consultation paper by the Treasury noted that financial abusers can exploit loopholes in tax and corporate systems, weaponising ...