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Showing 591 - 600 of 1607 results for "Investigation"

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
Wells Fargo will fork out $4.5 billion to resolve the fake account scandal that has continued to rattle the world's fourth largest bank since 2016. The $4.5 billion (US$3 billion) settlement with the Securities and Exchange Commission (SEC) and ...

New Aussie ETF to invest in FAANGs

KANIKA SOOD  |  FRIDAY, 21 FEB 2020
... high conviction ETFs); FAANG is the first dedicated ETF for the sector. "We are launching it after an exhaustive investigation and conversations with our clients, both on the retail and intermediary side," ETF Securities chief executive Kris Walesby ...

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... (IRS) Criminal Investigations from the US, the Canadian Revenue Agency (CRA) and the Dutch Fiscal Information and Investigation Service (FIOD). J5 said it has been working together to gather information, share intelligence and conduct coordinated operations. ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
Westpac said it expects $80 million in additional expenses in FY20 as parts of its response plan in relation to the AUSTRAC scandal. The bank provided a company update to the ASX, in which it outlined its progress on its response plan for the AUSTRAC ...

McGrathNicol launches cyber protection tool

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
McGrathNicol has partnered to launch a tech-enabled forensic investigations service to help Australian businesses detect cybercrime. McGrathNicol and ResponSight have partnered to develop FDetect, a service designed to provide businesses with the ability ...

Franklin Templeton to acquire Legg Mason

JAMIE WILLIAMSON  |  WEDNESDAY, 19 FEB 2020
... the offer of US$50 per share in cash is fair. Global investor rights law firm Halper Sadeh has already launched an investigation saying it may seek greater consideration, additional disclosures and information concerning the transaction. The investigation ...

Nowra man lies to ASIC, jailed

ELIZABETH MCARTHUR  |  MONDAY, 17 FEB 2020
... were held in a tax haven in the British Virgin Islands. In 2017, Merity was committed to stand trial after further investigation by ASIC uncovered the identities of holders of an interest in 17,376,120 shares in Northwest Resources were Craigside Company ...

CalPERS investment lead targeted by Congressman

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
... work in China through the Thousand Talents Program, which he claimed had been described by the Federal Bureau of Investigation as "a non-traditional espionage program". "That explains why CalPERS invested [USD]$3.1 billion in 172 Chinese companies: including ...

JPMorgan admits to withholding ANZ shares

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... coordination between the regulator and JPMorgan lawyers. The ACCC had granted staff at JPMorgan immunity from the investigation in return for their cooperation with the case. The Commonwealth brought charges against ANZ, Citigroup and Deutsche following ...

Former Macquarie adviser cops lifetime ban

ALLY SELBY  |  THURSDAY, 13 FEB 2020
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour. ASIC has permanently banned Queensland-based adviser, Warren Scott ...