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Showing 1 - 10 of 182 results for "Money laundering"

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia's financial intelligence and anti-money laundering and counter-terrorism financing regulator. He will commence in November. Soros currently holds the position of deputy chief ...

Praemium unveils Spectrum for HNWs

MATTHEW WAI  |  TUESDAY, 1 OCT 2024
... automatic form generation. Digital account management, allowing advisers to use regulatory data such as Anti-Money Laundering (AML), Common Reporting Standard (CRS-FATCA), Client Classification, and Fee Consent to ensure compliance. The "next-generation ...

HESTA lowers insurance fees

KARREN VERGARA  |  MONDAY, 16 SEP 2024
... engaging in any "severe business ethics controversies" such as fraud, executive misconduct, corruption scandals, money laundering, anti-trust violations, or tax-related controversies.

Government lifts funding to preserve banking in the Pacific

ANDREW MCKEAN  |  WEDNESDAY, 10 JUL 2024
... Pacific Island countries, $1.7 million to the Asian Development Bank to improve regional compliance with anti-money laundering and counter-terrorism financing requirements, and $1.7 million for the Attorney-General's department to bolster criminal justice ...

Adviser exam yields 70% pass rate

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
... advice regulatory and legal requirements, including obligations under Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act 2006, the Privacy Act 1988, and the Tax Agent Services Act 2009. Candidates must also ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF). AUSTRAC alleged as early as 2017 that the bank contravened the Anti-Money Laundering ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... problems of unsuitable applicants or corruption. "The screening process also deals with individual character and money laundering. Roughly a third of applicants are either knocked back or withdrawn, demonstrating the rigorous screening of applicants," ...

ASIC takes further action on Prospero

KARREN VERGARA  |  MONDAY, 4 MAR 2024
... "Operation Avarus-Nightwolf". The Changjiang Currency Exchange, which the AFP alleged was run by the Long River money laundering syndicate, had 12 shop fronts in every state. "The Changjiang Currency Exchange has transferred in excess of $10 billion ...

ASIC cracks down on Prospero for reporting failures

CHLOE WALKER  |  WEDNESDAY, 10 JAN 2024
... Australian Federal Police (AFP) had raided the Melbourne offices of Prospero Markets as part of an investigation into money laundering. According to the AFP, the raid was related to "the most complex AFP-led money-laundering investigation in the nation's ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... 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 an external ...
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