All posts tagged "Client Money"
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249Australia & NZNZ FMA Censures Jarden Securities for Client Money Breaches
OM Financial, which amalgamated with Jarden in March 2021, transfered its own money into the trust account designated to hold investor money.
October 19, 2021 -
240AML / KYCSFC Suspends Former Emperor Representative for 2 Years
The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.
September 1, 2021 -
436Asia-PacificThai SEC Proposes Rules to Protect Custodied Digital Assets
The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
August 31, 2021 -
511TaiwanTaiwan FSC Tightens Rules to Prevent Thefts of Client Money
Banks have until 1 January to comply with the new rules, which seek to prevent the theft of client money by customer relationship managers.
August 26, 2021 -
124Australia & NZASIC Removes SocGen Securities Licence Conditions
Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen's client money controls.
June 27, 2021 -
289Australia & NZ
ASIC 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 -
217Australia & 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 -
244Australia & 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 -
853Australia & 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 -
757Australia & 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
