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BFCSA: Westpac to compensate mortgage holders re errors going back 25 years
Westpac to compensate mortgage holders going back 25 years Sydney Morning Herald Dec. 14 2017 - 5:22pm John Collett Westpac will repay $11 million to 9400 mortgage holders due to a systems error...
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BFCSA: CBA used by 'money mules', convicted terrorist: AUSTRAC
CBA used by 'money mules', convicted terrorist: AUSTRAC Australian Financial Review Dec 14 2017 6:08 PM James Eyers Commonwealth Bank of Australia accounts were used by a convicted terrorist who...
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BFCSA: Australian Sub Prime Interest-only loans growing threat to banks
Interest-only loans growing threat to banks The Australian 12:00am December 15, 2017 Michael Roddan The threat posed by riskier interest-only loans to the stability of the financial system is...
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BFCSA: Destroying Sam Dastyari’s political career has been needlessly nasty....
Destroying Sam Dastyari’s political career has been needlessly nasty The Australian 12:00am December 15, 2017 Graham Richardson The unravelling of Sam Dastyari has been an excruciating experience for...
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BFCSA: Beware of Financial Planners who pocket commissions, and hand over BAD...
Planners pocket commissions, even as advice falls short The Australian 12:00am December 11, 2017 Ben Butler, Michael Roddan The Financial Ombudsman Service has ruled in favour of a financial adviser...
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BFCSA: CBA ex Financial Planner forged 33 signatures a decade ago fined...
A former CBA financial planner who forged client signatures and cost the bank more than $2.2 million has escaped conviction A former senior Commonwealth Bank financial planner who pleaded guilty to...
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BFCSA: Self-managed super funds to bear 3000% fee rise
Self-managed super funds to bear 3000pc fee rise Australian Financial ReviewDec 15 2017 11:00 PM Joanna Mather A large increase in registration fees for auditors of self-managed superannuation funds...
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BFCSA: AUSTRAC: After freezing account, CBA sent terrorist a cheque!!!
AUSTRAC: After freezing account, CBA sent terrorist a cheque Australian Financial Review Dec 15 2017 3:14 PM Aaron Patrick After freezing the account of a convicted Lebanese terrorist, the...
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BFCSA: Brokers unlikely to be examined by Royal Commissioner. But what about...
Brokers unlikely to be examined by Royal Commissioner. But what about Banks and Approval Systems? Despite recent media speculation that the upcoming Royal Commission will delve into mortgage brokers,...
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BFCSA: Where white-collar crime meets a wet lettuce leaf
Where white-collar crime meets a wet lettuce leaf Sydney Morning Herald Dec. 16 2017 - 7:14am Adele Ferguson "It was not a momentary lapse of judgment. It involved 18 clients and it breached his...
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BFCSA: NAB says its anti-money laundering compliance issues 'not material'
Banks and regulators must think people are stupid.....cash gobbling ATM’s are chickenfeed issues compared to the real AML issues – money laundering via real estate and still no AML II in force! NAB...
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BFCSA: APRA Chief Wayne Byers determined to let APRA off the hook for failure...
Head of APRA Wayne Byres, is fully aware that Major Banks have been using Mortgage Brokers as a scapegoat to allow banks to systemically approve unaffordable mortgage loans. Former RBA employee...
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BFCSA: Brokers to be included in Royal Commission but not CRIMINAL APPROVALS
Brokers to be included in Royal Commission Annie Kane 10:09 AM, 18 Dec 2017 Comments 8...
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BFCSA: The Hayne Royal Commission into the BANKS: Terms of Reference
The Hayne Royal Commission into the BANKS The Letters Patent have been signed. We suggest you read through. It appears the Terms are narrowed down to be looking into and focusing upon "misconduct."...
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BFCSA: LET THE BANK GAMES BEGIN!!
LET THE BANK GAMES BEGIN!! How very cunning of the LNP and their Bank Mates. Have a RC now on their own terms and no-one will approve another investigation for years...or so they think..............
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BFCSA: Barnaby Joyce's revenge backfires on Malcolm Turnbull
Barnaby Joyce's revenge backfires on Malcolm Turnbull Australian Financial ReviewDec 19 2017 11:00 PM Phillip Coorey The Turnbull government's recently restored parliamentary majority is again under...
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BFCSA: OECD warns of money laundering through Australian real estate Laundromat
OECD warns of money laundering through Australian real estate Australian Financial Review Dec 19 2017 11:59 PM Tony Boyd It is worrying that the latest international review of Australia's detection...
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BFCSA: Judge releases sixty transcripts including The Rat and the RBA talking...
Judge releases sixty transcripts including The Rat and the RBA talking BBSW Australian Financial Review Dec 19 2017 11:00 PM James Frost Westpac trader Colin 'The Rat' Roden called a senior executive...
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BFCSA: NAB refunds $1.7 million for overcharging interest on home loans
NAB refunds $1.7 million for overcharging interest on home loans Sydney Morning Herald Dec.19 2017 - 11:09am National Australia Bank has refunded $1.7 million to 966 home loan customers after...
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BFCSA: ABA sends new banking code of conduct to ASIC for approval. Why not...
ABA sends new banking code of conduct to ASIC for approval Australian Financial Review Dec 19 2017 11:00 PM James Eyers A new code of conduct for banks will require them to give small business...
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