The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Money laundering is big business in Australia – 19 February 2020
Article explains why Australian authorities needs to do more to stop money laundering and tax avoidance. Austrac identified that criminals are targeting the Australian business sector to launder money relating to a range of offences including tax fraud, drug trafficking, tobacco smuggling, people smuggling, and advance fee fraud.
https://lighthouse.mq.edu.au/article/february/money-laundering-is-big-business-in-australia
Google AdSense ads targeted in new Bitcoin extortion scam – 18 February 2020
A new Bitcoin extortion scam is targeting website owners and threatening to shut down their Google AdSense ads by flooding them with junk traffic unless they pay up.
http://micky.com.au/google-adsense-ads-targeted-in-new-bitcoin-extortion-scam/
The multi-million-dollar ‘dummy director’ scam using vulnerable Australians to rip off the tax office – 18 February 2020
The ABC has uncovered a multi-million-dollar scam that targets vulnerable Australians. The scheme exploits the homeless and people addicted to drugs and alcohol and turns them into company directors. Companies use the ‘dummy directors’ to rip off creditors and avoid paying huge bills to the tax office.
http://abc.net.au/news/2020-02-14/vulnerable-australians-targeted-in-huge-tax-evasion-scam/11785194
Banks accused of failing to protect customers from billing scams by not checking account names – 17 February 2020
The Australian Consumer and Competition Commission (ACCC) says electronic payment fraud could be reduced, if banks checked the name of the account holder, when processing an electronic funds transfer. ACCC also wants ASIC to consider a new British three-stage checking system.
