FASEA welcomes new chief executive
The Financial Adviser Standards and Ethics Authority (FASEA) has announced Deen Sanders as chief executive, a newly-created role commencing as of 18 September. Sanders is currently assistant commissioner of the Professional Standards Authority of Australia.
CBA executives forfeit bonuses
Commonwealth Bank senior executives have been stripped of their short-term bonuses. The decision was made by the CBA board following civil penalty proceedings initiated by the Australian Transaction Reports and Analysis Centre (AUSTRAC).