financial crime

Policy & Regulation

Addressing the risks of financial crime in M&A activity

As M&A activity continues to re-shape the wealth and superannuation landscape, experts have highlighted key regulatory questions for firms to keep in mind when completing...

Financial planning

Financial crime compliance to cost industry billions

The Australian financial services industry is expected to spend more than $3 billion on financial crime compliance this year due to increased staff hiring and the increas...

Superannuation

Early release fraud concerns around differing bank account details

Superannuation funds are carrying out double-checks around surprisingly high instances of different bank account numbers being used by members seeking early access to sup...

Financial planning

Westpac pledges three streamed approach to rectifying AUSTRAC scandal

The bank’s chief executive told its annual general meeting that it would recruit 200 people in compliance and financial crime areas....

Policy & Regulation

Hume criticised for APRA defence

The organisation representing victims of the Trio Capital collapse of criticised the Assistant Minister for Financial Services, Senator Jane Hume, for suggesting the Aust...

Financial planning

VOFF letter added to Coalition’s woes

Victims of Financial Fraud has written to Treasurer Josh Frydenberg to remind him how vehemently the party objected to holding a Banking Royal Commission. ...