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Income Asset Management Uncovers Suspected Fraud, Client Funds Safe

7:01am on Saturday 20th of September, 2025 AEST Financial Services
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Income Asset Management Uncovers Suspected Fraud, Client Funds Safe

7:01am on Saturday 20th of September, 2025 AEST
Key Points
  • Suspected fraudulent transfers identified from minority sub-custodian bank account
  • No client funds or assets were involved in the diversion
  • Fraud occurred before funds reached Income Asset Management accounts
  • Bond custody moved to Perpetual Corporate Trust in January 2025
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