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Showing 621 - 630 of 3495 results for "compliance"

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... were reassured by executives in May 2018 that the terms would be unchanged. At the time, AMP was seen to have directed compliance staff in the lead up to cutting valuations to begin looking into historic BOLR agreements, specifically targeting those ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... further action against Bell Financial Group's three subsidiaries following an audit of its financial crime law compliance. Last February, AUSTRAC ordered an external auditor assess Bell Potter Securities, Bell Potter Capital and Third Party Platform ...

FSCP hands down second order, audits adviser

KARREN VERGARA  |  WEDNESDAY, 28 JUN 2023
... result, the panel has forced Mr. M to be supervised by an independent person with expertise in financial services laws compliance to pre-vet the next 10 SoAs provided to a retail client. The written direction also forces an audit of 10 past SoAs that ...

ASIC nudges trustees on member fund compliance

ANDREW MCKEAN  |  TUESDAY, 27 JUN 2023
... their existing product receives an increase, she said. Notwithstanding these responsibilities, ASIC's review identified compliance gaps. In fact, all but one of the 12 trustees failed to ensure their practices or disclosure aligned with their legal obligations. ...

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... between the integrity of Australia's tax system and supporting genuine commercial activity while being mindful of compliance costs. Leigh assured that the Treasury will continue to engage with industry stakeholders to ensure the new rules operate ...

Advisers embrace less back-office burden

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... Pham, private wealth adviser at Lipman Burgon & Partners, said anything that streamlines administration for clients and compliance obligations for advisers is welcome. "This means we can focus more on managing and servicing our clients. Bringing the ...

Morrison Securities pays infringement over DTRs

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... Morrison's conduct as being at the high end of "careless". Although, the MDP did not consider that Morrison had a poor compliance culture overall, it noted that Morrison's conduct indicated that speed of orders to the market was prioritised over ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... conduct and breaching the Code of Ethics. The FSCP ultimately ordered Mr. S's licensee to perform three successive compliance audits in relation to personal advice provided to retail clients, with a minimum of 12 months between each successive audit ...

OnePath fined over MySuper bungle

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2023
... fall short of our expectations," APRA deputy chair Margaret Cole said. "We expect trustees to have robust governance, compliance and risk management frameworks embedded and operationalised to prevent, detect and swiftly remediate potential breaches of ...

FAAA awards Gwen Fletcher Memorial prize

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2023
... advising in the real world." Canberra-based financial adviser Brigitta Hembrow Gersey and Melbourne-based senior advice compliance analyst Danica Lozada of Industry Fund Services won the nods in 2022. FAAA chief executive Sarah Abood said the CFP Certification ...