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Showing 1 - 10 of 30 results for "US authorities"

ASIC launches action against Equity Trustees for $65m First Guardian failures

ELIZA BAVIN  |  THURSDAY, 21 MAY 2026
ASIC has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation (ETSL), alleging failures in care, skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund. This ...

Equity Trustees to ask Mulino for help amid First Guardian, Shield fallout

JAMIE WILLIAMSON  |  THURSDAY, 30 OCT 2025
Equity Trustees will follow Netwealth's lead and make an application to the government under Part 23 of the SIS Act for help in making First Guardian and Shield investors whole. Speaking at the Equity Trustees annual general meeting today, managing ...

1MDB mastermind found in Shanghai with Aussie passport: Reports

JAMIE WILLIAMSON  |  MONDAY, 21 JUL 2025
... International, a 1MDB subsidiary. Investigations into the 1MDB scandal are being conducted by both Malaysian and US authorities. The US Department of Justice has previously said the embezzled funds were used on everything from a 300-foot luxury yacht ...

Future Fund exposed to dangerous Chinese investments: Opposition

ANDREW MCKEAN  |  TUESDAY, 7 NOV 2023
... listed companies such as Aluminium Corporation of China, and Baoshan Iron and Steel, which have been implicated by US authorities in benefiting from cyber espionage. It also noted than Zangge Mining was compelled by the Canadian government to divest ...

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
... the example of Bernie Madoff's Ponzi scheme - victims managed to recover 78% of losses thanks to the actions of US authorities. "That the financial cop on the beat, under the watch of allegedly a deceitful chair, James Shipton and deputy chair, Daniel ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle. Fraudsters are posing as agents from superannuation ...

BNP Paribas board approves $9bn fine

AFP  |  MONDAY, 30 JUN 2014
BNP Paribas's board of directors has approved a settlement with US authorities to pay a record $US9 billion ($A9.74 billion) fine to avoid being tried for violating US embargoes. The agreement is due to be announced after markets close at the New York ...

BNP, US prosecutors near $US9bn settlement

AFP  |  MONDAY, 23 JUN 2014
... agencies, even as the US and other countries said Khartoum was practising genocide, according to the Journal. It said US authorities scrutinised a total exceeding $US100 billion of suspicious transactions, eventually focusing on about $US30 billion said ...

The virtuous cycle is back in play

BENJAMIN ONG  |  MONDAY, 4 MAR 2013
... months. It could be stopped next month of the month after. Then again, given Wall Street's positive reaction, the US authorities may just let it run. But what about those dire forecasts? It'll be hard for me to argue with the IMF and the CBO and their ...

High rates saving Australia's economy

ALEX DUNNIN  |  THURSDAY, 13 DEC 2012
Near zero US interest rates giving US authorities very few macroeconomic tools to stimulate their economy other than quantitative easing illustrates the folly in arguments that the RBA should follow suit and slash rates in Australia. If only the US ...
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