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Showing 1 - 10 of 817 results for "fraud"

ASIC issues 'wake-up call' to trustees on member complaints

RIDDHIMA TALWANI  |  MONDAY, 2 NOV 2026
... affecting their members, such as service delays, payment errors, communications failures, breakdowns in processes, and even fraud and misconduct. "When trustees fail to learn from their complaints, small problems left unidentified, unattended or unresolved ...

The risks keeping APRA's new deputy chair up at night

RIDDHIMA TALWANI  |  FRIDAY, 23 OCT 2026
... system. "Banks, superannuation trustees and other regulated entities all have experience to share, whether in cyber defence, fraud, identity protection, operational recovery or the safe use of AI. We should be sharing not just warnings about emerging ...

FEATURE | Governance | Stumping up

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
"No one can predict a fraud in advance. We're not clairvoyants." The chair of Diversa Trustees, Vincent Plant, testified before last month's parliamentary committee inquiry into the collapse of the Shield and First Guardian master funds. The ...

Treasury consults shifting tax debts from victims to abusers

RIDDHIMA TALWANI  |  WEDNESDAY, 14 OCT 2026
... taxation office to pause debt recovery against victim-survivors, pursue the debts from perpetrators where the abuse involved fraud or other actionable misconduct, and, where appropriate, waive the victim-survivor's debt. The consultation paper recognised ...

Paul Chiodo sues Shield-linked City Built, director for $200m

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... accounts and failing to disclose the true application of advances." He said he did not discover discrepancies and the alleged fraud until he began obtaining documents directly from subcontractors and suppliers from approximately March 2025. Chiodo's ...

AI moves into the advice process

VINNY VUCAGO  |  THURSDAY, 17 SEP 2026
Financial advisers could soon spend less time piecing together clients' histories and more time acting on them, as Marloo launches an artificial intelligence (AI) tool that searches entire client books alongside new research showing consumers are increasingly ...

Inquiry rips into Diversa: 'All profit, no responsibility'

KARREN VERGARA  |  MONDAY, 7 SEP 2026
... inquiry, Diversa's leadership team stood its ground, claiming that the root cause of First Guardian's failure was fraud and that this is the reason why it is seeking a government bailout to make members whole. Vincent Plant, Diversa's independent ...

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
... services without an Australian financial services licence. On the other hand, corporations and corporate governance included fraud allegations, corporate governance issues, registered liquidator conduct, insolvency matters, shareholder issues, reporting ...

ASIC warns investors over Yepbit platform

VINNY VUCAGO  |  THURSDAY, 13 AUG 2026
ASIC has warned investors against dealing with Yepbit and Yepbit Exchange after receiving reports customers have been unable to withdraw funds from the purported digital assets and futures trading platform. Yepbit claims to operate globally, including ...

ASIC ramps up enforcement action

VINNY VUCAGO  |  MONDAY, 10 AUG 2026
... was the permanent banning of Abdullah Popal from providing financial services and engaging in credit activities following fraud convictions involving the dishonest transfer of almost $90,000 from former clients. ASIC also permanently banned former financial ...
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