The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
ASIC turns up the heat on enforcement – 27 February 2020
ASIC has revealed a 52% increase in enforcement investigations involving Australia’s largest financial institutions. With 316 investigations currently underway, ASIC said they related to directors’ and officers’ breaches, insider trading and market manipulation, auditor and liquidator breaches, and breaches of licensing obligations, including Australian financial services license obligations.
https://www.financialstandard.com.au/news/asic-turns-up-the-heat-on-enforcement-154973861
‘Vulnerable’ man jailed for ATO tax fraud – 21 February 2020
Aaron Leo Paul was allegedly recruited into Australia’s largest tax fraud scheme. The syndicate was set up to provide payroll services to legitimate clients, but payments were transferred to subcontractors who pocketed the money instead of sending it to the ATO.
https://www.goulburnpost.com.au/story/6643361/vulnerable-man-jailed-for-ato-tax-fraud/?cs=9397
Hundreds of Australians caught up in global sting by tax agencies – 20 February 2020
Hundreds of Australians who used a Central American bank to hide taxable wealth, face being caught up in a global tax avoidance sting, with at least 14 already identified by the Australian Tax Office (ATO). The alleged activity may have been going on for several years.
ATO and global tax fraud investigators target offshore accountants and lawyers – 20 February 2020
The J5 tax enforcement group from five countries, including Australia, are focusing on professionals organising tax evasion structures. This includes domestic lawyers and accountants who assist in hiding the assets of criminals.
