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Showing 41 - 50 of 59 results for %22Counter Terrorism Act%22

Proceedings filed against CBA in Federal Court

ALEX BURKE  |  MONDAY, 9 OCT 2017
... reported in Financial Standard, the class action concerns CBA's alleged breaches of anti-money laundering and counter terrorism financing laws, which corresponded with a significant share price drop. In a statement, Maurice Blackburn said the fact proceedings ...

CBA class action moves forward

KARREN VERGARA  |  TUESDAY, 5 SEP 2017
... an open class action against the Commonwealth Bank relating to alleged breaches of anti-money laundering and counter terrorism financing laws. The class action will consist of shareholders who purchased shares between 17 August 2015 to 3 August 2017 ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... has initiated Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. CBA acknowledged these proceedings in its results, with chair Catherine Livingstone saying CBA's ...

CBA blames reporting failure on software error

EMMA RAPAPORT  |  MONDAY, 7 AUG 2017
... AUSTRAC initiated Federal Court proceedings against the bank, alleging that CBA contravened the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 more than 53,000 times. The allegations include that CBA was late to report IDMs were potentially ...

CBA faces anti-money laundering allegations

EMMA RAPAPORT  |  FRIDAY, 4 AUG 2017
... potentially facing millions of dollars in civil penalties following allegations it did not comply with anti-money laundering and counter-terrorism law. Financial intelligence and regulatory agency AUSTRAC has initiated Federal Court proceedings against ...

ASIC boosts support for regtech

KARREN VERGARA  |  WEDNESDAY, 31 MAY 2017
... and pace of change (62%). Anthony Quinn, co-founder of AML Accelerate - a regtech combatting anti-money laundering and counter-terrorism financing - said the move by ASIC and other bodies shows regulators are a lot more open to how technology can solve ...

AUSTRAC launches tool to help advisers fight terrorism

ALEX BURKE  |  TUESDAY, 2 MAY 2017
... criminal activity by customers, and are required to report suspicious matters to AUSTRAC under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The new poster provides a selection of red flag indicators that financial planners can ...

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... alerted a financial institution that a customer, who had been referred to them by a financial planner, was involved in a counter-terrorism investigation. The report outlined the process by which planners can (and must) submit SMRs in case of suspected ...

ASIC employee faces court

KERRIE SYDEE  |  FRIDAY, 11 NOV 2016
... Criminal Code Act 1995 and making a false document contrary to section 138(1) of the Anti-Money Laundering and Counter Terrorism Financing Act 2006. Daher's offences are punishable by up to two years and 10 years imprisonment respectively. Daher was ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
... non-compliance by SMSF trustees; capturing rollovers to SMSFs as a designated service under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 ; and establishing a register of SMSF auditors has all helped to reduce organised crime in ...