Former mortgage broker convicted of fraud – 5 January 2021

by admin | Jan 5, 2021 | News & Analysis

A former mortgage broker has been convicted of multiple counts of falsifying loan applications, after assisting clients in securing home loans using misleading information....

Australian former executive returns from French ‘castle’ to quarantine and a criminal investigation – 4 January 2021

by admin | Jan 4, 2021 | News & Analysis

David Savage had made his career and fortune with Leighton (now named CIMIC), becoming one of the firm’s most influential executives. Police suggest that Mr Savage helped conceal and alter company documents, that threatened to reveal Leighton’s corruption...

Coronavirus-related scams are on the rise, with the ACCC warning some scammers are pretending to be contact tracers – 31 December 2020

by admin | Dec 31, 2020 | News & Analysis

Contact tracers rely on QR code scan-in technology to locate and isolate potential contacts of confirmed COVID-19 cases. Cybersecurity expert Kate Carruthers, says when it comes to commercial or privately owned QR applications, there is little regulation to prevent...

Taskforce Integrity stamps out welfare system abuse – 31 December 2020

by admin | Dec 31, 2020 | News & Analysis

More than $13 million in welfare payments have been recovered and about 650 matters referred for criminal prosecution, under a joint Services Australia and Australian Federal Police (AFP) Taskforce. The Taskforce detects and disrupts criminal activity within the...

Regulators consider early intervention to protect vulnerable investors – 24 December 2020

by admin | Dec 24, 2020 | News & Analysis

An international regulatory task force, co-chaired by the Australian Securities and Investments Commission (ASIC), says early intervention may be needed to protect vulnerable retail investors during pandemic market conditions....

Westpac executives escape penalties after ASIC ends investigation into the bank’s alleged compliance failures – 24 December 2020

by admin | Dec 24, 2020 | News & Analysis

ASIC has decided against penalising any Westpac executive for their roles in its 23 million breaches of anti-money laundering and counter-terrorism financing laws....