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Showing 51 - 60 of 81 results for %22Super scam%22

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
... traceable to corruption involving the sovereign wealth fund. The assets to be recovered are in addition to a $120 million super yacht already seized by the US while it was sailing off the coast of Indonesia and $140 million in assets forfeited in connection ...

FS Live Blog: 2017 AFA National Adviser Conference

MICHELLE BALTAZAR  |  TUESDAY, 10 OCT 2017
Check out this blog to get an hourly update on the latest announcements, session highlights and social media commentary live at the AFA 2017 National Adviser Conference. 10.30pm - AFA caps its annual conference with an awards gala ceremony for the 2017 ...

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... "on a crime list for suspected terrorist financing." In the second, after making an initial rollover into a self-managed super fund, a client requested a "large funds transfer to a high-risk jurisdiction for terrorism financing." When the bank discussed ...

Trillion dollar super industry attractive to organised criminals

DARREN SNYDER  |  MONDAY, 1 JUN 2015
The Australian Crime Commission believes Stronger Super reforms implemented from 2013 have reduced illegal early release schemes run through self-managed superannuation funds (SMSFs). In its latest report, Organised Crime in Australia 2015, the commission ...

Expert issues cyber-attack warning

MARK SMITH  |  MONDAY, 25 MAY 2015
The incoming New Payments Platform will leave financial institutions, including super funds and wealth managers, vulnerable to cyber criminals unless they upgrade their security, a fraud and cyber-crime expert has warned. Similar to the UK's Faster ...

Consumers reluctant to use online advice

LAURA MILLAN  |  WEDNESDAY, 23 APR 2014
Consumers do not trust online advice and still prefer to meet their financial planner face to face. A Financial Services Council (FSC) research into consumers' digital engagement with superannuation and wealth management found that only 13% of Australians ...

ASIC funding in spotlight after annual report release

LAURA MILLAN  |  THURSDAY, 31 OCT 2013

Industry funds 'treat us like dirt': COSBOA

JAMES FERNYHOUGH  |  MONDAY, 29 JUL 2013
... Complaints Tribunal (SCT). COSBOA executive director Peter Strong said this would give small businesses a place to go when super funds make what they view as unreasonable demands. "This announcement by Assistant Treasurer David Bradbury and Small Business ...

ASMA dismayed by proposed super hikes

MARK SMITH  |  THURSDAY, 4 APR 2013
DIY super investors could pull their entire savings portfolio if the government follows through on proposed super tax hikes, according to the Australian Self Managed Super Fund Members Association (ASMA). Yesterday Treasurer Wayne Swan confirmed that ...

ASIC slaps biggest fine ever

BEN COLLINS  |  FRIDAY, 22 FEB 2013
... wife Jacqueline Hobbs and 12 other people, he operated unlicensed funds that targeted Australian investors and self managed super funds. More than $55 million was invested in 14 individual investment funds in countries including New Zealand, the United ...