Rosemary Rogers: How fraudster former NAB chief of staff’s lavish life unravelled – 14 December 2020

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...

Australian Financial Crimes Agency Says Junkets Infiltrated by Organized Crime, Foreign Agents – 13 December 2020

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.”...

Nearly $450m set for Bernie Madoff victims – 11 December 2020

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...

AUSTRAC releases junket tour operations money laundering and terrorism financing risk assessment – 11 December 2020

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. ...

Paul Whyte’s friend denies paying public servant ‘kickbacks’ as CCC investigates alleged ‘cronyism’ – 10 December 2020

by admin | Dec 10, 2020 | News & Analysis

Kent Hunter (a friend of corrupt WA bureaucrat Paul Whyte) has given evidence at a corruption and crime commission. Ken, denied paying Whyte “kickbacks” in return for being given government work, as he was unable to explain how his company ended up being...