All posts tagged "Client Money"
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95Australia & NZASIC Files Australia’s First Criminal Charges Related to Auditing
The charges against EC Audit and its director allege that the audits of Halifax Investment Services were not conducted in accordance with the relevant standards.
June 10, 2021 -
126Australia & NZAustralia: Licencing Regime for Debt Management Firms Wins Support
The ABA suggests that ASIC be charged with supervising fee structures of debt management firms to further protect consumers, among other recommendations.
February 17, 2021 -
175Australia & NZASX to Enhance Framework on Client Money Obligations
ASX will require daily reconciliation of individual client trust account balances, prescribe a standard format for trust reconciliations, and enhance reporting requirements.
December 4, 2020 -
784Australia & NZNew Zealand FMA Warns of Action Against Poor Conduct
There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.
September 25, 2020 -
612Australia & NZ
Australia: Former Financial Adviser Jailed for Six Years
Graeme Walter Miller was sentenced to six years’ imprisonment for misappropriating close to A$2mn for his own purposes.
August 4, 2020 -
539Australia & NZ
New Zealand FMA Warns Derivatives Issuers to Ensure Compliance
Self-assessments by derivatives issuers have identified risks stemming from the way they handle client money, provide advice to retail clients, and handle vulnerable customers.
July 29, 2020 -
835Australia & NZAustralia: Pershing Pleads Guilty to Breaching Client Money Rules
Pershing Securities Australia, a BNY Mellon subsidiary, is the first company in Australia to face criminal prosecution for breaching client money provisions.
May 7, 2020 -
1.4KFintech / RegtechFSA Japan to Enforce New Crypto Laws from May
Changes to two pieces of legislation will ensure better investor protection, and bring custodians, ICOs, STOs and crypto derivatives under the FSA's remit.
April 8, 2020 -
538Australia & NZAustralia: SocGen Securities Unit Charged for Client Money Rule Breaches
Societe Generale Securities Australia self-reported three matters over 2017 and 2018, and has completed all remediation actions in relation to its operational set-up.
March 19, 2020 -
784EnforcementTaiwan FSC Penalises Taichung Commercial Bank for Lax Controls
The bank and its insurance unit were fined for lax controls on entertainment spending and for awarding bonuses to sales staff who hadn't sold any products, among other failures.
January 13, 2020
