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Showing 1 - 10 of 803 results for "fraud"

Super funds fail customer service test: SCA

KARREN VERGARA  |  TUESDAY, 14 JUL 2026
... of mystery shoppers is not same as that of actual fund members," she said. "Keeping members' funds and data safe from fraud is the highest priority, so funds ask rigorous identity confirmation questions which mystery shoppers will find frustrating ...

Advice veteran's exit creates $1bn Tassie wealth group

KARREN VERGARA  |  WEDNESDAY, 8 JUL 2026
Mancell Financial Group (MFG) founder Peter Mancell has retired as a financial adviser after 46 years, selling the business he built to pave the way for a $1 billion wealth management firm in Tasmania. Mancell officially stepped away as an adviser and ...

ASFA strengthens cyber security with new hire

MATTHEW WAI  |  WEDNESDAY, 8 JUL 2026
... strengthen its cyber security framework for super trustees, launching two new tools in December 2025 to help them enhance their fraud controls. As cyber threats continue to increase, specifically around the financial services sector, experts have advised ...

Tribunal shortens financial adviser's five-year ban

KARREN VERGARA  |  WEDNESDAY, 1 JUL 2026
... Financial Planning in March 2023 and then to BNR Financial Services, according to LinkedIn. "ASIC has not alleged dishonesty, fraud, or intentional misconduct in my case. The concerns raised relate to compliance and competence judgements, not integrity. ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
APRA has commenced an investigation into if Diversa's executive remuneration decisions were made in accordance with prudential standards and trustees' duties under the Superannuation Industry (Supervision) Act. "Prudent remuneration practices play a ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
Praemium and its subsidiaries are now caught up in the ASIC-led First Guardian legal saga, having been thrown in the mix by Diversa Trustees. Praemium this morning announced, together with Powerwrap and One Vue Wealth Services (OVWS), it received notices ...

ASIC charges developer over alleged $10m fraud

VINNY VUCAGO  |  TUESDAY, 23 JUN 2026
Property developer David McWilliams has been charged over an alleged $10.1 million fraud scheme involving investor funds raised for specialist disability accommodation projects, following an investigation by ASIC. McWilliams appeared before the Southport ...

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... resolve the proceedings with ASIC, which recognises our customer redress program and the significant enhancements made to our fraud and scam prevention, detection and response," a HSBC spokesperson said.

ASIC moves to strengthen defences against financial scams

VINNY VUCAGO  |  WEDNESDAY, 17 JUN 2026
The Australian Securities and Investment Commission (ASIC) has launched a new initiative aimed at helping consumers identify legitimate financial services websites and reducing the growing threat of imposter scams across the sector. ASIC is now collecting ...

Former fund manager admits to obstructing SEC probe

KARREN VERGARA  |  TUESDAY, 16 JUN 2026
Former Western Asset Management co-chief investment officer Ken Leech pleaded guilty to obstructing an investigation into a fraudulent trading scheme that disadvantaged certain clients. At the US Attorney's Office for the Southern District of New York ...
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