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Showing 911 - 920 of 1612 results for "Investigation"

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
... able to disclose the details of the recommendations to Financial Standard. ASIC mandated the review following an investigation triggered by "a significant number of breaches reported by the ANZ Group in relation to its life, general insurance, superannuation ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
... providing personal financial advice - a claim that BT Financial Group rejects. The court action is a result of an ASIC investigation into Westpac's telephone sales campaigns targeting superannuation members. The regulator cites 15 cases in which it alleges ...

Goldman Sachs fined $120m for rate rigging

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
Goldman Sachs will pay a $120 million penalty for attempting to rig global benchmarks for interest rate products. The US Commodity Futures Trading Commission found that, between January 2007 and March 2012, traders in New York - including the head of ...

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... institution that a customer, who had been referred to them by a financial planner, was involved in a counter-terrorism investigation. The report outlined the process by which planners can (and must) submit SMRs in case of suspected client criminal activity. ...

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
... ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator. The undertakings relate to the banks' wholesale spot foreign exchange businesses. ASIC determined ...

ASIC bans life insurance adviser

ALEX BURKE  |  FRIDAY, 9 DEC 2016
ASIC banned a Queensland-based financial adviser for seven years. Mateen Mohammed, who was an authorised representative of Synchronised Business Services from 2010 to 2015, is alleged by the regulator to have not maintained nor understood the "duties ...

ASIC bans SA insurance broker

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
... Australia. Christopher Griggs was the sole director of Mount Pleasant-based Chris Griggs Insurance Offices. ASIC's investigation determined Griggs had dishonestly benefited from insurance premium loan funding. Griggs submitted applications without applicants' ...

ACCC slams Macquarie and ANZ for cartel conduct

ALEX BURKE  |  FRIDAY, 25 NOV 2016
... proceedings against ANZ and Macquarie Bank for attempted cartel conduct. ANZ and Macquarie co-operated with the ACCC's investigation, and the parties have agreed that the court will be presented with two specific incidents. The first involves a Macquarie ...

ASIC bans former AMP adviser

KERRIE SYDEE  |  MONDAY, 21 NOV 2016
... Solutions and was an authorised representative of AMP Financial Planning from 16 December 2011 to 2 April 2015. An ASIC investigation found that McCarthy had created and backdated Statements of Advice and Authority to Proceed documents and forged client ...

JPMorgan Chase to pay bribery fines

KERRIE SYDEE  |  FRIDAY, 18 NOV 2016
... interest to settle the SEC's case. The SEC considered the company's remedial acts and its co-operation with the investigation when determining the settlement.