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Showing 51 - 60 of 203 results for "Money Laundering"

BTC Markets adds to advisory board

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
... depository regime for digital assets, a Decentralised Autonomous Organisation (DAO) company structure, changes to anti-money laundering and counter-terrorism financing guidelines and capital gains tax. The report recommended developing a "token" classification ...

Westpac profit jumps 138%

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... was additional AUSTRAC charges. In FY20, Westpac recorded $2.6 billion of costs related to contravening anti-money laundering and counter-terrorism laws. "Through the year we rebuilt our processes, systems and practices and closed out all the matters ...

Law firm adds financial services partner

JAMIE WILLIAMSON  |  MONDAY, 25 OCT 2021
... Group team earlier this month, based in Sydney. He specialises in financial services, financial markets, anti-money laundering, prudential and general corporate regulation. He has previously advised retail and investment banks, fund managers and corporate ...

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... depository regime for digital assets, a Decentralised Autonomous Organisation (DAO) company structure, changes to anti-money laundering and counter-terrorism financing guidelines and capital gains tax. The report recommended developing a "token" classification ...

Channel Capital adds Cayman director

KANIKA SOOD  |  THURSDAY, 24 JUN 2021
... offshore financial centres. It will also ensure ongoing compliance with regulatory obligations including anti-money laundering and tax transparency, the firm said. It says the Cayman Islands is the most popular jurisdiction for hedge, private equity ...

AUSTRAC to face scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 24 JUN 2021
... approved yesterday. O'Neill wants the government to look into what she refers to as the failures of Australia's anti-money laundering and counter-terrorism financing regime. She wants to understand whether Australia is particularly attractive to international ...

AUSTRAC investigates NAB, JBWere

KARREN VERGARA  |  MONDAY, 7 JUN 2021
National Australia Bank and its subsidiaries, including JBWere, are allegedly failing their anti-money laundering and counter-terrorism financing obligations, according to AUSTRAC. The financial intelligence agency is investigating NAB's "potential ...

Westpac senior leader departs

ELIZABETH MCARTHUR  |  TUESDAY, 1 JUN 2021
... turbulence for the big bank after it received a record fine from AUSTRAC last year for failing to comply with anti-money laundering and counter-terrorism provisions. The bank announced it would merge its consumer and business division s and combine leadership ...

Former Westpac chief executive in new role

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
... announced in November 2019, after AUSTRAC alleged Westpac was involved in "systematic" non-compliance with the Anti Money Laundering and Counter Terrorism Act 2006 on over 23 million occasions. Westpac eventually paid a $1.3 billion penalty, representing ...

Brian Hartzer to release leadership book

ELIZABETH MCARTHUR  |  TUESDAY, 23 MAR 2021
... Hartzer resigned from Westpac after an AUSTRAC investigation found that the bank had failed to comply with anti-money laundering and counter-terrorism laws. "Because of the circumstances of my departure from Westpac - which I touch on briefly at the ...