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