The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Secret interviews reveal risky business for NAB’s top executives – 2 August 2019
It has been revealed that even during the Royal commission into banking, the National Australia Bank was still selling products that would trigger compensation for customers and that their systems lacked control and governance. Information was revealed by chairman Ken Henry and other NAB executives. This information however did not make it to EY reports that were requested by the Australian Prudential Regulation Authority (APRA), and instead have been leaked to newspapers.
Whistle blown on NAB relationship with auditors – 2 August 2019
National Australia Bank chairman Ken Henry and other executives last year told NAB’s auditor Ernst and Young, about serious shortcomings in risk management, yet the auditor did not include these details and other points of concern in its draft report. Labor MP Deborah O’Neill responded to the revelations by calling for a parliamentary inquiry into the relationship between the big banks and the nation’s largest accounting firms.
BNZ struggled to abide by anti-money laundering laws – 2 August 2019
Leaked documents have revealed that the Bank of New Zealand has struggled to comply with laws meant to prevent criminals and terrorists laundering money through its accounts.
https://www.stuff.co.nz/business/114664719/bnz-struggled-to-abide-by-antimoney-laundering-laws
Work needed to prevent online fraud, AIC says – 2 August 2019
The Australian Institute of Criminology and the Australian Competition and Consumer Commission have got together to research the factors that make people vulnerable to consumer fraud. The article details reasons for online fraud, the possible solutions and initiatives that should be introduced in Australia.
https://www.themandarin.com.au/112935-work-needed-to-prevent-online-fraud-aic-says/
