Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 817 results for "fraud"

Majority reject crypto investments in super fund: Swyftx

MATTHEW WAI  |  THURSDAY, 6 NOV 2025
... owning cryptocurrencies are now a lack of regulation (46%), understanding of the asset class (45%), and concerns around fraud (31%)," the report said. "We expect this trend to continue until digital assets are legislated and financial advisers are able ...

US equities not performing as well as they seem: UniSuper

ELIZA BAVIN  |  TUESDAY, 4 NOV 2025
... starting to see an increasing number of debt defaults," Colosimo said. "In all cases, there's been pretty egregious fraud involved but it's just increased concerns over private credit generally and that it could have an impact on the broader ...

Chris Marco sentenced to prison over $34m fraud

MATTHEW WAI  |  FRIDAY, 31 OCT 2025
... Australia has sentenced Marco to 14 years imprisonment, with eligibility for parole after 12 years. Marco was found guilty of 43 fraud offences involving six investors, totalling more than $34 million, when he was operating an unregistered managed investment ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
... exactly these purposes, and we look forward to the various authorities prioritising action which establishes that such a fraud occurred," he said. Further, O'Brien said Equity Trustees recently wrote to Mulino to detail its view that the critical ...

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
... better consumer protections when crypto and digital asset investments are involved. "We expect better regulation will reduce fraud and security issues, and it also means cryptocurrency platforms will need to have internal dispute resolution processes ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... SIS Act enables regulated super funds to make applications for financial assistance where they have suffered a loss due to fraud or theft, and the fraud or theft has resulted in the fund facing difficulties in paying benefits to members. Approval of ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... certificate, validate the policy, and ensure the correct beneficiary is identified, followed by a compliance check with anti-fraud measures and legal obligations. "If the death occurs within the first two years of the policy, insurers may investigate ...

APRA flags growing trustee complacency on retirement strategies

RIDDHIMA TALWANI  |  FRIDAY, 17 OCT 2025
... operational, investment and liquidity. Cole noted members in the retirement phase are more vulnerable to cyberattacks, scams and fraud. "A continuing priority for APRA is to ensure that regulated entities have robust information controls in place, including ...

Super risks continue as advice gets all clear

ELIZA BAVIN  |  FRIDAY, 17 OCT 2025
... preventative frameworks." In addition, the report said as funds digitise and rely heavily on third-party administrators, fraud and cyber risk remain critical vulnerabilities. "Weaknesses in account management, identity verification, and data change protocols ...

Netwealth separates itself from First Guardian: 'A case of fraud'

ELIZA BAVIN  |  THURSDAY, 9 OCT 2025
Netwealth has continued to separate itself from the collapse of First Guardian, saying it was a "case of fraud". In its September quarterly business update, Netwealth said it was working cooperatively with industry bodies and regulators in relation ...