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Showing 601 - 610 of 1607 results for "Investigation"

NAB further delays offloading MLC

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
National Australia Bank in its quarterly update flagged another delay to the separation of MLC Wealth. NAB said that due to a challenging business environment, the separation of MLC Wealth may be delayed beyond financial year 2020. "Work on operational ...

ACCC denies impropriety

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
... questioned after the Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following the ACCC's investigation into a $2.5 billion ANZ share sale with JPMorgan. ACCC enforcement director Michael Taylor defended the regulator's actions ...

Asset manager to be liquidated

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
... appointed on January 13 this year with McGrathNicol appointed as joint liquidators for the company. ASIC said its investigation into the financial services company is ongoing, and did not provide further details. Global Merces is the responsible entity ...

Permanent ban follows alleged SMSF theft

HARRISON WORLEY  |  WEDNESDAY, 5 FEB 2020
... to ASIC's notices to produce", and also provided false and misleading information to the regulator. A NSW police investigation into Tran is currently underway, which ASIC said it was assisting with. In July 2019 Tran was one of three New South Wales ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... was hit with another class action in December last year on behalf of shareholders in relation to the same AUSTRAC investigation. The bank is currently facing 23 million alleged breaches of anti-money laundering and counter terrorism laws with AUSTRAC ...

Fraudulent adviser cops ban, jail time

ELIZABETH MCARTHUR  |  FRIDAY, 24 JAN 2020
... the financial advice and credit industry. Ellis already copped a six year ban from the regulator in 2013. An ASIC investigation found Ellis sent 10 letters and one email to a number of his clients for the purpose of raising investment funds to purchase ...

More staff embroiled in Macquarie investigation

HARRISON WORLEY  |  FRIDAY, 24 JAN 2020
German authorities have expanded their investigation into a 2011 lending transaction, doubling the number of Macquarie staff considered suspects since late 2018. In an update to the ASX on Thursday evening, Macquarie said it was cooperating with an ...

Statewide dumps executives

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
Statewide Super has terminated the employment of its chief financial officer and chief risk officer for breaching internal controls. According to Statewide Super's website, chief risk officer Kieran Netting and chief financial and operating officer ...

Superannuation scammer to face court

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
... counts of deceptions. The 33-year-old man from Hills was arrested by police on Wednesday following a cybercrime investigation. It is alleged he acted as an investment manager for SMSFs and sent the victim's investments to overseas locations. He initially ...

IOOF identifies 67 high risk advisers

ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
Embattled wealth manager IOOF has told the House of Representatives Standing Committee on Economics that it has identified 67 "higher risk" financial advisers within its business. The number comes as IOOF fronts the committee to answer questions previously ...