Macquarie Bank has agreed to pay a $10 million Federal Court penalty for failing to monitor the conduct of third parties, including convicted financial adviser Ross Hopkins who embezzled $2.9 million from his customers’ accounts without being detected by the bank.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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