by admin | Mar 12, 2021 | News & Analysis
The prudential regulator says Westpac Banking Corp’s anti-money laundering failings did not amount to a breach of the Banking Executive Accountability Regime (BEAR) or the Banking Act and it has closed its investigation into the bank, two-and-a-half months after ASIC...
by admin | Mar 11, 2021 | News & Analysis
A Victorian man, Demetrios ‘James’ Charisiou, who allegedly convinced two major Korean investment houses into investing $395 million in fake NDIS-related property deals has been charged with fraud. Police will allege the finance was purported to be for the purchase of...
by admin | Mar 2, 2021 | News & Analysis
A man who forged bank transfer receipts to buy excavators and high-end cars worth more than $770,000 has been sentenced to seven years behind bars....
by admin | Mar 2, 2021 | News & Analysis
The regulator has announced the commencement of civil penalty proceedings in the Federal Court, against Retail Employees Superannuation Pty Ltd (REST), for false or misleading representations made about the ability of its members to transfer their superannuation, out...
by admin | Mar 2, 2021 | News & Analysis
PwC’s financial crimes specialist Peter Forwood, says AUSTRAC-regulated entities should brace themselves for more billion-dollar fines, as eye-watering penalties now form a central part of the enforcement strategy....
