by admin | Oct 8, 2018 | News & Analysis
The Swiss banking giant UBS goes on trial to face accusations it orchestrated a huge tax fraud scheme for wealthy French clients, with potential fines of billions of euros. The inquiry was opened after a former employee alerted authorities over the bank’s...
by admin | Oct 8, 2018 | News & Analysis
A fourth former NAB employee (Mathew Alwan), has been banned from working in financial services, for his part in an alleged fraud ring that abused the bank’s “introducer” home loan referral program. ASIC is now considering whether to refer a brief...
by admin | Oct 5, 2018 | News & Analysis
China secretly inserted surveillance microchips into servers used by major technology companies, including Apple and Amazon.com. US officials long have worried about the potential for altered microchips or other components to be secretly inserted into products and...
by admin | Oct 5, 2018 | News & Analysis
Those operating a cryptocurrency/digital currency exchange (DCE) which exchanges fiat (Australian or foreign currency) for digital currency and/or vice versa, have obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). A...
by admin | Oct 5, 2018 | News & Analysis
Indigenous leader Geoff Clark and three of his family members faced court on a total of 86 fraud-related charges between them for the purposes of paying Mr Clarks legal fees. They have been accused of dishonestly obtaining around $685,000 from Framlingham Aboriginal...
by admin | Oct 5, 2018 | News & Analysis
Police are warning Victorians against a Bitcoin scam which has seen four victims lose $50,000 after being told they owed a tax debt. Victims were directed to take money from their bank account and go to Braybrook where a bitcoin ATM, one of a very limited number in...
