'False witness' standard practice at NAB

Instances of "false witnessing" by financial advisers employed by National Australia Bank have been aired by the Finance Sector Union and Fairfax Media.NAB employees, including Financial Planners and administrative staff, "have been given until the end of the month to self-report compliance breaches related to the witnessing of Nomination of Beneficiary forms." read more

Scant effort to conceal FX misconduct

An ASIC report drawing together its work into drivers of misconduct observed during its investigation into the wholesale spot foreign exchange market makes disconcerting reading."We observed very few instances in which the misconduct we identified had been detected or escalated within the institution," ASIC said."And there was generally little attempt by individuals involved to conceal their misconduct." read more