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Showing 1 - 10 of 16 results for "Nicole Rose"

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... approving a final, comprehensive remediation plan that will address the underlying issues raised." AUSTRAC chief executive Nicole Rose added the actions taken by the two regulators in relation to BOQ highlight government efforts to maintain the integrity ...

Expand access to financial services: AUSTRAC

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
... certificate, banks and other regulated businesses can use other ways to verify customer identity. AUSTRAC chief executive Nicole Rose said supporting financial inclusion is a commitment. "The guidance will help financial institutions adopt flexible and ...

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... responsibility to protect themselves and Australia's financial system from criminal activity," AUSTRAC chief executive Nicole Rose said. "We will continue to work closely with Gold Corporation to address compliance concerns." Responding to the probe ...

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... report to AUSTRAC annually on the bank's progress, a final report will be ready by March 2025. AUSTRAC chief executive Nicole Rose said the enforceable undertaking aimed to ensure NAB remained steadfast with its remediation programs to shore up compliance ...

Regulators release crypto, cyber security roadmaps

CHLOE WALKER  |  THURSDAY, 21 APR 2022
... to Australians., with over 500 ransomware attacks reported in the 2020-21 financial year. AUSTRAC chief executive Nicole Rose said businesses must understand how to distinguish between criminal activity and customers using digital currencies for legitimate ...

Bell Financial Group in AUSTRAC probe

JAMIE WILLIAMSON  |  THURSDAY, 17 FEB 2022
... protect businesses, the financial system and the Australian community from criminal threats, AUSTRAC chief executive Nicole Rose said. "Australian financial services businesses have a responsibility to ensure they devote the necessary resources and processes ...

Chester eyes ASIC chair role

KARREN VERGARA  |  FRIDAY, 19 MAR 2021
... with inquiring into the activities of regulators. O'Neill also referred to reports that AUSTRAC chief executive Nicole Rose is being considered for the role. In October 2020, Chester took on the role of chair in an acting capacity while Shipton stepped ...

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
... the price of domestic native lizards, AUSTRAC said, selling for between $1000 and $20,000. AUSTRAC's chief executive Nicole Rose said organised criminals use services provided by financial services institutions to move and disguise illicit funds. In ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... in relation to suspicious transactions associated with possible child exploitation. AUSTRAC's chief executive, Nicole Rose said the settlement sends a strong message to industry that AUSTRAC will take action to ensure the financial system remains ...

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
... with the Anti Money Laundering and Counter Terrorism Act 2006 on over 23 million occasions. AUSTRAC chief executive Nicole Rose said that AUSTRAC's decision to commence civil penalty proceedings was made following a detailed investigation into Westpac's ...
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