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Showing 1 - 10 of 303 results for "Crime"

Charges brought against ASX pump and dump group

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2024
... they did so with the intention of pumping the price before selling. They've also been charged with dealing in proceeds of crime as a result of selling the shares. They face a maximum penalty of 15 years' imprisonment and a fine of more than $1 million. ...

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... scale to offset costs have become less attractive. "ANZ is not immune to this pressure." Secondly, he said that financial crime regulation has become more important globally, with tougher laws and stronger enforcement positions. "Few banks have an appetite ...

Broken promises leave survivors in the lurch

ANDREW MCKEAN  |  TUESDAY, 4 JUN 2024
More than a year on from a Treasury consultation on giving victims of child sexual abuse access to their abuser's superannuation for compensation purposes, little headway has been made. At the same time, experts say the government's proposals ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... recruiting within the financial sector. The activity also enabled syndicate members to financially benefit from the proceeds of crime and tax evasion between 2020-23. The syndicate allegedly co-mingled legal and illicit funds which enabled the transfer ...

State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... their heinous crimes," he said. Fellow Super for Survivors member Madeleine West said the only way to end this horrendous crime is to open up deep conversations, remove the stigma and encourage those victim survivors who are living with a life sentence ...

Third person pleads guilty in Courtenay House Ponzi scheme

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024
... House, has pleaded guilty to carrying on a financial services business without a licence and dealing in the proceeds of crime. Between 24 June 2015 and 21 April 2017, Sipina carried on an unlicensed financial services business, for which he was responsible ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... investor reporting, enterprise and operational risk, ESG and sustainability risk, operational due diligence, and financial crime and cybersecurity are among the key skill sets in demand. However, on the flip side, the firm did flag that staff attrition ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... Victoria, was charged with conspiracy to defraud on two counts. He was charged with dealing with proceeds of an indictable crime to the tune of $1 million or more on two counts. Cullia was also slapped with one charge of possessing a false document and ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
Perth Mint has entered an enforceable undertaking (EU) with AUSTRAC to improve compliance with Australia's anti-money laundering and counter-terrorism financing (AML/CTF) laws. In August, the financial crimes regulator ordered the appointment of ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... benefits of the US financial system must also play by the rules that keep us all safe from terrorists, foreign adversaries, and crime or face the consequences."
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