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Man arrested over investment scam
ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
An investigation by the Australian Securities and Investments Commission has culminated in an arrest over a suspected investment scam.
APRA advises funds to review ownership structures
ELIZA BAVIN  |  FRIDAY, 16 OCT 2020
The prudential regulator has issued a letter to superannuation licensees reinforcing their obligations under the controlling stake requirements.
APRA highlights heatmaps success
ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
In its annual report, APRA highlighted the success of its MySuper heatmaps initiative - despite new government reform possibly making heatmaps redundant after they were only in effect for one year.
Westpac puts Australia on bad banking leaderboard
ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Global banks have paid out around US$10.5 billion in fines so far this year, with Westpac taking out third place thanks to the AUSTRAC scandal.
ASIC reviewing risk advice, pushes for scaled advice
ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
The Australian Securities and Investments Commission is conducting a review of life insurance advice and plans to consult with the industry on scaled advice this year.
Transition away from LIBOR continues
ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
ASIC, APRA and the RBA have joined forces in the transition away from LIBOR, which is expected to cease at the end of 2021.
AUSTRAC releases guidance on wildlife trafficking
ALLY SELBY  |  MONDAY, 12 OCT 2020
AUSTRAC private-public initiative the Fintel Alliance has released a financial crime guide to combat Australia's illegal wildlife trafficking industry.
TPB bans tax agent over COVID-19 fraud
ALLY SELBY  |  FRIDAY, 9 OCT 2020
The Tax Practitioners Board (TPB) has terminated the company registration of Sydney-based tax agent after she attempted to exploit a COVID-19 stimulus measure for over $20,000.
AMP, former employee settle
KANIKA SOOD  |  WEDNESDAY, 7 OCT 2020
AMP and former employee Larissa Baker Cook have settled for an undisclosed amount, a month before the matter was scheduled for trial.
APRA rolls out new assessment model
ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
The Australian Prudential Regulation Authority (APRA) has replaced its 18-year-old risk assessment model with a system that will better guide the intensity of the regulator's supervision.
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