Richard Faithfull sentenced to over five years' imprisonment in the UK for money laundering
On Thursday 9 September 2021, Richard Faithfull was sentenced to 5 years and 10 months imprisonment for laundering money, contrary to s 327 of the Proceeds of Crime Act, 2002. He was also disqualified from being a company director for a period of 10 years.
Faithfull had previously pleaded guilty to ...
Aussie regulator brings criminal charges against CBA for mis-selling consumer credit insurance
Criminal charges have today been filed against the Commonwealth Bank of Australia (CBA) in the Federal Court for the mis-selling of consumer credit insurance.
According to the ASIC the 30 criminal charges relate to CBA’s promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance product ...