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Showing 1 - 10 of 175 results for "Money laundering"

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 ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... Justice Department's investigation and Zhao, who has also pleaded guilty to failing to maintain effective anti-money laundering, will also step down from the top job. In June, the SEC announced it was suing the world's largest crypto exchange ...

Future Fund exposed to dangerous Chinese investments: Opposition

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... relinquish some critical mineral investments, delisted in the US for audit non-compliance, fined for breaching money laundering laws, and penalised for not reporting hazardous products and violating US sanctions. The audit report listed companies such ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... Commission US$25 million to settle charges stemming from greenwashing claims and failures to develop an anti-money laundering (AML) program for mutual funds it advised. In the case of greenwashing, the SEC found that DWS made "materially misleading statements ...

Adviser exam records 73% pass rate

JAMIE WILLIAMSON  |  FRIDAY, 15 SEP 2023
... areas: financial advice regulatory and legal obligations, including Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the Privacy Act and the Tax Agent Services Act; applied ethical and professional reasoning ...

AUSTRAC drops action after Bell FG audit

CASSANDRA BALDINI  |  FRIDAY, 30 JUN 2023
... Potter Securities, Bell Potter Capital and Third Party Platform regarding the entities' compliance with anti-money laundering laws. At the time, the auditor was instructed to report back to AUSTRAC in no less than 180 days after being appointed and ...

ASIC releases May exam pass rate

KARREN VERGARA  |  MONDAY, 19 JUN 2023
... areas: financial advice regulatory and legal obligations, including Chapter 7 of the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financing Act, the Privacy Act and the Tax Agent Services Act; applied ethical and professional reasoning ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that exposed issues within ...
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