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NSW Adviser banned for second time. – 15 August 2019

by admin | Aug 15, 2019 | News & Analysis

Sydney-based financial adviser Tarandeep Aujla has been banned from providing financial services for three years for failing to act in his clients’ best interest, including inappropriate recommendations for insurance. The surveillance found Aujla did not obtain...

‘It sounded legit’: Scammers gouge hundreds of thousands from WA victims as NBN rollout draws to a close – 14 August 2019

by admin | Aug 14, 2019 | News & Analysis

Suspected computer and telco plan-specific scams are on the rise, prompting NBN Co to launch a campaign to empower Australians to recognise and prevent scammers. WA residents lost $253,000 to National Broadband Network scams in the past financial year....

Criminal drone activity a ‘real concern’ – 14 August 2019

by admin | Aug 14, 2019 | News & Analysis

Airservices Australia, a government-owned corporation, plans to catch rogue drone operators by using low altitude detection and tracking technology, which is currently in development. Drones not only present safety issues due to technical failures or misbehaving...

Compliance in the Age of Digital Banking: An Overview – 14 August 2019

by admin | Aug 14, 2019 | News & Analysis

Article outlines the key compliance issues facing the banking industry with the use of “digital banking”. It also describes the types of fraud experienced by banks, money laundering costs, cross border issues, risks with open banking and GDPR regulations....

Small businesses unprepared for the latest wave of scams – Westpac – 14 August 2019

by admin | Aug 14, 2019 | News & Analysis

Many Australian small business owners do not have processes in place to prevent the latest wave of scams, according to new research. On average they are loosing $38,845 and recovering less than half. Training staff in scam awareness and prevention is a key to prevent...
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