Ex-broker Sentenced to Jail – 11 August 2017

by admin | Aug 11, 2017 | News & Analysis

Former mortgage broker Michael Samra has been sentenced to eight years and nine months imprisonment for financial deception that occurred in 2009, totalling $1.902 million. ...

More Pseudo-ransomware attacks are probably on the way – 11 August 2017

by admin | Aug 11, 2017 | News & Analysis

A recent quarterly report suggests that the trend toward ransomware attacks will continue throughout 2017, with hacks expected to target data destruction rather than pure financial gain....

Lobster plot: Alleged Mafia boss promised post-dinner donation of ‘swag of money’ – 11 August 2017

by admin | Aug 11, 2017 | News & Analysis

An investigation into a dinner between Victorian opposition leader Matthew Guy and an alleged Mafia boss has been launched by Four Corners and Fairfax Meida after obtaining a series of phone records. It is alleged that the men were plotting to funnel a large party...

Apple and Google pull hundreds of trading apps from stores over fears of financial scams – 4 August 2017

by admin | Aug 4, 2017 | News & Analysis

ASIC has cracked down on online fraud after it conducted a review of mobile app stores, focusing on binary options trading. Since being contacted by ASIC, Apple and Google have removed relevant apps from their respective stores.  ...

Forget Commonwealth Bank’s $9.8b profit next week, Ian Narev will be explaining “cuckoo smurfing” – 4 August 2017

by admin | Aug 4, 2017 | News & Analysis

More details on the CBA money laundering scandal....

Austrac alleges CBA in ‘serious’ breach of money laundering act – 4 August 2017

by admin | Aug 4, 2017 | News & Analysis

Austrac has alleged that The Commonwealth Bank has breached money laundering laws after failing to report a number of large cash transactions made through intelligent money machines. This included six instances where the bank believed customers were possibly financing...