BNY Mellon unit convicted in first criminal case over handling of client money
ASIC 2020-08-05 10:32 pm By Cat Fredenburgh
Please login to bookmark Close

Bank of New York Mellon unit Pershing has become the first company in Australia to be convicted of criminal charges for breaching regulations requiring AFSL licensees to keep client money in separate bank accounts.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au