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Showing 1 - 10 of 14 results for "SFC"

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
The Australian Federal Police have charged three people with allegedly submitting false claims to gain early access to superannuation under the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release ...

12 charged in $17m fraud

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
A joint-agency investigation into an elaborate $17 million fraud has resulted in charges against 12 people. Australian Federal Police (AFP) investigators executed search warrants at 10 locations across Sydney, nine in south-east Queensland and two in ...

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
The Australian Taxation Office (ATO) said it is building on its significant efforts, zeroing in on fraud and schemes designed to take advantage of the government's COVID-19 stimulus package. This includes JobKeeper, early release of superannuation ...

Tasmanian super funds seek insurer

KANIKA SOOD  |  FRIDAY, 9 AUG 2019
The Tasmanian Treasury will soon start the search for an insurer to take over the mandates of two small public sector superannuation funds. The State Fire Commission Superannuation Scheme (SFCSS) and the Tasmanian Ambulance Service Superannuation Scheme ...

Financial crime taskforce puts two behind bars

KARREN VERGARA  |  MONDAY, 13 AUG 2018
The Serious and Financial Crimes Taskforce has helped put two men behind bars for laundering money and evading tax. Anthony Castagna and Robert Agius, both from New South Wales, were sentenced to seven years' imprisonment each. The pair used an ...

HSBC cops historic fine for Lehman-linked failures

JAMIE WILLIAMSON  |  WEDNESDAY, 22 NOV 2017
... sale of derivative products, namely Lehman Brothers-related notes (LB-Notes) and Leverage Forward Accumulators (FAs). The SFC found that in 2008 HSBC Private Bank (Suisse) SA had become aware of the deteriorating financial condition and credit quality ...

HK funds market just ahead of Australia

ALEX DUNNIN  |  WEDNESDAY, 22 JUL 2015
... 2014 of 13% was, however, almost one quarter faster than HK's growth, according to figures published by Rainmaker. The HK SFC survey revealed overseas investors accounted for 71% of their market, affirming that HK is still overwhelming a preferred platform ...

China approves cross-border ETFs

MELANIE TIMBRELL  |  MONDAY, 2 JUL 2012
... listings of exchange traded funds on Hong Kong and mainland exchanges. The Hong Kong's Securities and Futures Commission (SFC) made the announcement on Friday saying the move was part of China's plans to boost financial exchange between the mainland ...

No complaints for HK regulator

MICHAEL HOBBS  |  TUESDAY, 29 JUN 2010
... overall thumbs up from market participants. The Neilson Company survey commissioned by the Securities and Futures Commission (SFC) found more than three quarters of respondents were either 'satisfied' or 'very satisfied' with the regulator's work. The ...

Fundies caught in $5m heist

SFC RELEASE  |  TUESDAY, 4 MAY 2010
... after it caught the fund's directors guilty of insider trading - twice. Last August, the Securities and Futures Commission (SFC) applied for an injunction order to freeze up to $4 million (HK$29.9 million) of assets of the fund and three of its senior ...
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