by admin | Dec 16, 2020 | News & Analysis
Article outlines legislation updates to Commonwealth Integrity Commission and the Anti-money laundering Bill passed by Parliament. It also details the reviews of the Corporate criminal responsibility regime, the legislative framework for corporations and financial...
by admin | Dec 14, 2020 | News & Analysis
A former National Australian Bank chief-of-staff (Rosemary Rogers) who allegedly participated in a large-scale bank fraud scheme where she approved inflated invoices in return for kickbacks, has pleaded guilty to fraud offences. Ms Rosamond, who also is allegedly...
by admin | Dec 13, 2020 | News & Analysis
AUSTRAC concluded in their report, that the junket operators who serve the Australian casino sector have been infiltrated by criminals and foreign agents, placing the nation at risk of money laundering and “foreign interference.”...
by admin | Dec 11, 2020 | News & Analysis
Victims of Bernie Madoff, the mastermind behind the worst financial scam in history, will receive $448m in additional payments through a victim fund. The 82-year-old was sentenced to 150 years in prison in 2009 for running the pyramid-style scheme...
by admin | Dec 11, 2020 | News & Analysis
AUSTRAC launched its money laundering and terrorism financing (ML/TF) risk assessment of the junket tour operations (JTOs) sector and classed the risk as ‘High’. The assessment concludes that the main criminal threat facing the JTOs sector is money laundering. ...
