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Showing 1 - 10 of 18 results for "CDPP"

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
... ASIC during its investigation... CBA will plead guilty to the charges and has agreed a statement of facts with ASIC and the CDPP," the bank said. CBA added that it has sent compensation to the 165 customers who are the subject of these proceedings and ...

ME Bank faces criminal charges

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... matter during the due diligence process for the acquisition of ME Bank. BOQ Group has been engaging constructively with the CDPP to work towards a way forward."

Halifax auditor to cough up fines

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... They are the first auditors in Australia to be hit with criminal charges under section 989CA of the Corporations Act. The CDPP found that EC Audit failed to understand Halifax's business and failed to design appropriate tests to identify material misstatements ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... involved in any wrongdoing with respect to its fee-for-no-service conduct and its Buyer of Last Resort Policy. ASIC and the CDPP ultimately determined that no charges should be brought against the AMP group. AMP's BOLR measures have been under close ...

No charges in AMP BOLR investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 JUL 2021
... misleading statements. The investigations resulted in two briefs of evidence being prepared but, following consultation with the CDPP, ASIC said no further action will be taken on these matters. "The CDPP has now determined, on the basis of the available ...

Criminal charges filed against ME Bank

JAMIE WILLIAMSON, KANIKA SOOD  |  THURSDAY, 27 MAY 2021
... loan. Contravention of these sections carry 100 criminal penalty units each. The contraventions, which were referred to the CDPP by ASIC, allegedly occurred between 2 September 2016 and 3 September 2018. In a statement, ME Bank said the alleged contraventions ...

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... offer such individuals immunity from civil proceedings, while working with the Commonwealth Director of Public Prosecution (CDPP) on criminal immunity. This is for some contraventions of the Corporations Act. It has set up a hotline (+612 9911 5008) ...

Frydenberg splashes $50m to pursue financial services crime

HARRISON WORLEY  |  FRIDAY, 16 NOV 2018
... Treasurer Josh Frydenberg said an additional $51.5 million would be provided to the Commonwealth Director of Public Prosecutions (CDPP) and the Federal Court of Australia, in an effort to increase prosecutions of criminal misconduct by financial institutions. ...

ASIC appeal convicts former CBA planner

KARREN VERGARA  |  THURSDAY, 4 OCT 2018
... helped convict a former CBA financial planner on appeal. ASIC, together with the Commonwealth Director of Public Prosecutions (CDPP), appealed the sentence of former Commonwealth Financial Planning adviser Ricky David Gillespie. ASIC's investigation ...

ASIC commences civil action against ANZ

KARREN VERGARA  |  MONDAY, 17 SEP 2018
... and a pecuniary penalty order. On 1 June 2018, ANZ announced to the ASX the Commonwealth Director of Public Prosecutions (CDPP) intended to commence proceedings against the bank, including ANZ Group treasurer Rick Moscati. The CDPP also said it will ...
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