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Showing 61 - 70 of 685 results for "Fraud"

Zipmex files for debt relief amid ongoing crypto crash

CASSANDRA BALDINI  |  FRIDAY, 29 JUL 2022
... Coinbase product manager Ishan Wahi and two other individuals Nikhil Wahi and Sameer Ramani have been arrested for wire fraud in the first insider trading case involving cryptoassets. Following those changes, the SEC listed nine tokens as securities ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... terrorist threat risks, but KPMG stated that among other things more consideration should be given to recent reports on fraud. Cyber enabled fraud has been a prevailing threat for funds, criminals have been gaining access to customer information and ...

Fraud charges laid over unlicensed scheme

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
Former Perth unlicensed investment scheme boss Chris Marco has been charged with 50 counts of fraud and is due to appear in Perth Magistrates Court on Friday. The charges follow ASIC's investigation which alleged that, between July 2013 and October ...

Celsius latest casualty in crypto crash

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
... confusion for Australian investors and financial service providers." The FPA said the need to better protect consumers from fraud and asset theft among other concerns remains urgent. Despite the meltdown, ongoing reports continue to paint Bitcoin as ...

SEC fines UBS Financial Services over fraud charges

JAMIE WILLIAMSON  |  THURSDAY, 30 JUN 2022
In the US, UBS Financial Services has agreed to pay US$25 million to settle fraud charges related to a complex options trading strategy it sold to investors without adequately educating their financial advisers on the product's risks. The Yield Enhancement ...

Corporate advisor charged over $2m theft

CASSANDRA BALDINI  |  WEDNESDAY, 22 JUN 2022
... $2 million from his clients. Last Friday, Torre appeared in Perth Magistrate Court and was charged with eight counts of fraud and five counts of stealing pursuant following an ASIC investigation. The corporate watchdog alleged that between March 2010 ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... more types of vulnerability, capping interview times during the claims process to 90 minutes and a ban on allegations of fraud without prior authority and a new approach to obsolete medial definitions in older policies.

Former adviser wins appeal, convictions quashed

JAMIE WILLIAMSON  |  MONDAY, 20 JUN 2022
A former adviser who was found guilty of fraud and sentenced to 12 years in prison in 2019 will have his case retried, having successfully argued there was a miscarriage of justice. Ben Jayaweera was a financial adviser and director of now-defunct Growth ...

Australian firms spend 3.6bn on financial crimes

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
... largely to rising financial costs. Respondents reported increased exposure to trade-based money laundering, third-party fraud, proceeds of trafficking and the criminal use of new technologies and methods, including cryptocurrency. Lexis Nexis Risk Solutions ...

Spirit Super member data exposed after security attack

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... the accounts of impacted members and a block to payments from these accounts. "There is minimal risk of identity theft or fraud as a result of the limited data set involved in the privacy breach," a Spirit Super statement read. "It's possible that the ...