JP Morgan-linked ship in US $1bn drug bust
KANIKA SOOD  |  MONDAY, 15 JUL 2019
A large container ship being linked to J.P. Morgan Asset Management has been the subject of a US $1 billion cocaine bust in the United States.
Politicians dishonest about fraud: VOFF
HARRISON WORLEY  |  MONDAY, 15 JUL 2019
Victims of Financial Fraud (VOFF) hit out at the Labor Party's treatment of the Trio fraud, claiming Australian politicians are "dishonest" when it comes to handling fraud conduct.
AFCA delivers $83 million win
ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
The Australian Financial Complaints Authority has collected over $83 million for consumers and small businesses in just six months.
Managed investment scheme operator AFSL canned
ELIZABETH MCARTHUR  |  FRIDAY, 12 JUL 2019
The Australian financial services licence of a Sydney-based managed investment scheme operator was cancelled by ASIC.
ASIC slams consumer credit failures
HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
ASIC's review of the sale of consumer credit insurance has lambasted the sector for consistently failing consumers in the design and sale of products.
ASIC boosts AFSL application requirements
HARRISON WORLEY  |  MONDAY, 8 JUL 2019
ASIC has altered the procedure it uses to assess Australian Financial Services Licence applicants, with many now required to provide more historic information to the corporate regulator.
Government extends early retirement scheme
ELIZABETH MCARTHUR  |  MONDAY, 8 JUL 2019
The government announced it will extend the concessional tax treatment of genuine redundancy and early retirement scheme payments to those under age pension qualifying age.
Sydney advice firm loses AFSL
KANIKA SOOD  |  FRIDAY, 5 JUL 2019
A Sydney financial advice firm has had its AFSL cancelled by ASIC after an initial suspension period.
ASIC to offer AFSL relief to overseas firms
HARRISON WORLEY  |  THURSDAY, 4 JUL 2019
ASIC has opened consultation on its proposal to scrap the need for foreign providers of funds management services to professional investors to hold an Australian Financial Services Licence.
State Street cops $125m penalty
JAMIE WILLIAMSON  |  WEDNESDAY, 3 JUL 2019
State Street has paid more than $125 million to settle charges for adding undisclosed markups on expenses related to the custody of client assets.
Link to something 8qswkUT3