Search ResultsShowing 1 - 10 of 54 results for "AUSTRAC"
AUSTRAC orders audit of PayPal
ELIZA BAVIN  |  TUESDAY, 1 OCT 2019
AUSTRAC has ordered the appointment of an external auditor to look into PayPal Australia in relation to "ongoing concerns" about its compliance with financial crime laws. The financial intelligence agency said the concerns relate to PayPal Australia's ...
Major super funds caught in fraud scandal
ELIZA BAVIN, JAMIE WILLIAMSON  |  WEDNESDAY, 18 SEP 2019
... suspicious attempts to access member information and possible identity fraud. We also report suspicious transactions to AUSTRAC," the spokesperson said. Australian Administrative Services, owned by Link Group, serves as administrator for Club Plus, HESTA ...
AUSTRAC zeroes in on Afterpay
HARRISON WORLEY  |  MONDAY, 17 JUN 2019
Tech-darling Afterpay is feeling the regulatory heat after AUSTRAC ordered an audit of the fintech's compliance with Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) laws. AUSTRAC said an external auditor will examine Afterpay's governance ...
Industry veterans recognised
ELIZABETH MCARTHUR  |  TUESDAY, 11 JUN 2019
... Jevtovic was honoured for his service to financial crime enforcement and regulation. He was previously chief executive of AUSTRAC. AustralianSuper alternate director Nixon Apple was recognised for service to the superannuation sector and to trade unions. ...
Indigenous super access needs improvement
KARREN VERGARA  |  TUESDAY, 19 MAR 2019
Two years since AUSTRAC updated its guidance on overcoming identification issues for Indigenous people, there is more work to be done on the superannuation industry front. The Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck ...
Super a money laundering target: AUSTRAC
HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... superannuation funds they are serious targets for financial criminals, and provided advice on how to avoid getting stung. AUSTRAC released a guidance paper to the superannuation sector, outlining the risks facing the guardians of Australia's nest eggs. ...
CBA stashes cash for compliance
DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... than expected costs of the bank's multi-year financial crime compliance program of action. This was launched after the AUSTRAC anti-money laundering penalty announced in June. The provision is in addition to its remediation provisions for Credit Card ...
Australia behind when it comes to pay transparency: AXA IM
HARRISON WORLEY  |  FRIDAY, 14 SEP 2018
... things such as executive remuneration and disclosure." Referring to the recent $700m civil settlement between CBA and AUSTRAC over the bank's contravention of anti-money laundering and counter terrorism laws , Christensen said executive pay was becoming ...
Royal Commission on social media: Former Treasurer weighs in
HARRISON WORLEY  |  FRIDAY, 10 AUG 2018
... increase of 35% last year, taking home almost $3 million. No obvious culture change here, despite the Royal Commission, AUSTRAC and a litany of ripoffs #auspol - Wayne Swan (@SwannyQLD) August 8, 2018 Former Federal Treasurer Wayne Swan said cultural ...
CBA readies wealth demerger, records $9.2bn cash profit
DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... $9.2 billion. CBA said its FY18 profit is down 4.8% on the previous year, hindered by items such as the $700 million AUSTRAC penalty, the removal of ATM withdrawal fees and the major bank levy. CBA chief executive Matt Comyn acknowledged a challenging ...
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