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Showing 81 - 90 of 685 results for "Fraud"

ASIC sues ANZ over home loan referrals

CHLOE WALKER  |  FRIDAY, 26 NOV 2021
ASIC has commenced proceedings in the Federal Court against ANZ for breaches of the Credit Act arising from referrals through its home loan 'introducer program' and from unlicensed individuals outside the introducer program. The program involved ...

Super funds failing three-day transfer requirement

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 NOV 2021
... strongest protections for members, the fund is requesting members provide a certified copy of the SMSF bank statement as a fraud mitigation risk. This may cause a small delay in processing. Since the new regulations have been introduced AustralianSuper ...

Caddick's assets will be sold

ELIZABETH MCARTHUR  |  TUESDAY, 23 NOV 2021
... same month, Caddick went missing on the same day that ASIC raided her Dover Heights home in connection with the alleged fraud. In February 2021, human remains were discovered on a beach on the NSW south coast and identified as belonging to Caddick. Despite ...

Commonwealth Bank to add crypto services

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
... their toes into the crypto market, with many currently deterred by "the friction of using third party exchanges, the risk of fraud, and the lack of trust in some new providers". A pilot version of the offering will commence in the coming weeks before ...

Criminal charges in property investor collapse

ELIZABETH MCARTHUR  |  MONDAY, 13 SEP 2021
... position as a director, one count of disposing of property after becoming (or was about to be) a bankrupt and one count of fraud. MacVicar was charged with 13 counts of trading while insolvent, one count of dishonestly using his position as a director ...

CSLR unfairly locks out some victims: Maurice Blackburn

ELIZABETH MCARTHUR  |  MONDAY, 16 AUG 2021
The Compensation Scheme of Last Resort (CSLR) will lock out victims of financial misconduct or fraud who pursue court proceedings - something that is inherently unfair, according to law firm Maurice Blackburn. Maurice Blackburn principal lawyer Josh ...

SMSF fraudster loses appeal

ANNABELLE DICKSON  |  FRIDAY, 23 JUL 2021
... November 2020, Gore was sentenced to five years' imprisonment with a non-parole period of two years on six counts of fraud involving $345,000. Following his sentencing, Gore lodged an appeal which was heard in February 2021. "The Court of Appeal ...

Lying rife in life insurance applications

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
... away, this could leave your loved ones in the lurch financially. In serious cases, you could even be sued for insurance fraud." The research found that 41% of Australians don't have life insurance with 35% of men not insured 47% for women. "It's easy ...

AUSTRAC to face scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 24 JUN 2021
... program. This despite the fact NAB has poured $800 million and devoted more than 1000 staff members to improving financial fraud and crime control. Labor MP Daniel Mulino supported O'Neill's call for the inquiry. Taking to Twitter, Mulino said: "This ...

ASIC bans adviser over $5m fraud

ELIZABETH MCARTHUR  |  TUESDAY, 8 JUN 2021
ASIC has permanently banned former Sentinel Wealth financial adviser Gavin Fineff, after he was charged with misappropriating between $3.3 and $5 million of client money. On May 7, Fineff was arrested and charged by New South Wales Police with 18 offences ...