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Showing 61 - 70 of 792 results for "Fraud"

AFCA opens consultation on financial elder abuse, family violence

KARREN VERGARA | WEDNESDAY, 19 MAR 2025

The Australian Financial Complaints Authority (AFCA) has launched two consultations on how it should improve its approach to handling complaints related to financial elder abuse and family violence. AFCA said it seeks to ensure consistency in how it ...

HNW clients demand more non-custody assets: Study

KARREN VERGARA | WEDNESDAY, 12 MAR 2025

... these solutions. Furthermore, many clients view non-custodial investments as higher risk due to concerns about liquidity and fraud. "Proactive communication about these risks and demonstrating how non-custody solutions align with their broader financial ...

SEC drops civil enforcement case against Coinbase

ANDREW MCKEAN | MONDAY, 3 MAR 2025

... "The Cyber and Emerging Technologies Unit will root out those seeking to misuse innovation to harm investors, including fraud involving blockchain technology and crypto assets," the SEC said. According to the SEC's complaint, since at least 2019 ...

Convicted adviser banned over $2m theft

MATTHEW WAI | MONDAY, 10 FEB 2025

... banning took effect on February 5, with Queensland-based King currently in prison after being convicted on two charges of fraud in relation to the misappropriation. King was found to have stolen the funds from eight clients between February 2012 and ...

Former adviser pleads guilty to $1m theft

MATTHEW WAI | MONDAY, 3 FEB 2025

... misappropriating $1.03 million of client funds. Anthony Torre was charged with five counts of stealing and eight counts of fraud in June 2022 following an ASIC investigation; Torre entered a plea of not guilty for all charges on 13 July 2023, with the ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN | THURSDAY, 30 JAN 2025

... commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and fraud activity. In the letter, Constant said disrupting investment scams is a priority for ASIC and the regulator has observed ...

ASIC bans adviser fraudster found with child abuse material

ANDREW MCKEAN | WEDNESDAY, 29 JAN 2025

ASIC has permanently banned Brisbane-based financial adviser David Cubilla following a $640,000 fraud conviction; he was also found guilty of using online services to access and possess child abuse material. Cubilla, who was recently an authorised representative ...

Auditors tighten fist on greenwashing

ROSE MARY PETRASS | TUESDAY, 28 JAN 2025

... mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related fraud, the standards aim to boost confidence and transparency with a focus on investor protection. The International Foundation ...

SEC names acting chair, establishes crypto taskforce

ELIZA BAVIN | WEDNESDAY, 22 JAN 2025

... "The result has been confusion about what is legal, which creates an environment hostile to innovation and conducive to fraud. The SEC can do better." The taskforce's focus will be to help the commission draw clear regulatory lines, provide realistic ...

ASIC sues HSBC Australia over $23m scam losses

MATTHEW WAI | MONDAY, 16 DEC 2024

... read. "Protecting our customers from scammers remains our top priority. We continue to make significant investments in our fraud and scam prevention, detection, and response."

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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