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Showing 81 - 90 of 153 results for "AUSTRAC"

Argo Investments' profit plunges

ALLY SELBY | MONDAY, 3 FEB 2020

... markets rising in general, the first half saw further weakness in banking stocks as escalating remediation costs, new AUSTRAC allegations and continued management changes, particularly for Westpac, continued to weigh on the sector," Argo said. "This ...

Westpac facing new class action

ELIZA BAVIN | MONDAY, 3 FEB 2020

... Westpac is facing a new class action over issues connected to the bank's monitoring of financial crime and the recent AUSTRAC scandal. Rosen Law, a US based international investor rights law firm, filed the class action on behalf of purchasers of ...

Westpac appoints new chair

ELIZA BAVIN | THURSDAY, 23 JAN 2020

... focus, will be invaluable to Westpac as the organisation executes its strategy and implements its response plan for the AUSTRAC statement of claim," Maxsted said. The appointment comes after AUSTRAC launched legal proceedings against the bank, alleged ...

ANZ overcharges 3.4 million customers

ALLY SELBY | THURSDAY, 19 DEC 2019

... review remains ongoing, we have not identified any material issues. We are also not aware of any impending litigation from AUSTRAC," Elliot said. Chair David Gonski also addressed the underpayment issue in his opening address at the AGM. "As shareholders ...

Westpac served class action

JAMIE WILLIAMSON | WEDNESDAY, 18 DEC 2019

Westpac has confirmed it was served with a class action on behalf of shareholders in relation to the AUSTRAC investigation. The class action has been filed by Phi Finney McDonald. The claim relates to market disclosure issues connected to Westpac's ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN | TUESDAY, 17 DEC 2019

... possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged 23 million breaches of anti-money laundering and counter ...

Westpac directors slammed

ALLY SELBY | THURSDAY, 12 DEC 2019

... bank's disregard for moral good. "The scandal that has erupted following the disclosure of 29 million legal breaches to AUSTRAC, has shown a blatant disregard for ethical culture and behavior," Medd said. Medd blames the board for the bank's systemic ...

Thousands exit Westpac raise

HARRISON WORLEY | WEDNESDAY, 11 DEC 2019

... million of investor capital, and the big bank did it all despite losing tens of millions in commitments in the wake of the AUSTRAC scandal that claimed the scalp of chief executive Brian Hartzer. The bank overshot its $500 million share placement plan ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY | WEDNESDAY, 4 DEC 2019

... relating to financing child exploitation in the Philippines and Southeast Asia. Byrnes said APRA is working closely with AUSTRAC and ASIC. "We are actively looking at the issues, but there is not as yet a formal investigation," Byres said. There are ...

Industry fund for coal miners on ESG journey

ELIZABETH MCARTHUR | MONDAY, 2 DEC 2019

Mine Super, the $11 billion industry fund for the coal mining industry, has clarified its position on a number of ESG issues. Vasyl Nair is the chief risk officer for Mine Super, he recently spoke at a panel on ESG issues at the annual Investment Performance ...

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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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