Choksi’s Indian properties seized

Choksi is at the centre of controversy surrounding a desire by the Indian administration to have him extradited from Antigua to face charges for an alleged US $2 billion bank fraud in India.


ASIC taking wealth management firms to court

The commencement of this civil penalty action is part of ASIC’s broad-ranging and significant investigations currently underway into fee for no service failures in the financial services industry


MAS Queries OCBC on Outage

MAS said it will closely monitor OCBC's rectification measures following the service outage, and take suitable supervisory actions if necessary.


APRA to reopen old wounds for CBA, IOOF

APRA said it will delve further into tax refunds paid to a related party thanks to the Suncorp Portfolio Services Limited (SPSL) case study - which may not be consistent with the requirements of Prudential Standard SPS 231 Outsourcing.