The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
Investors Bring 10b-5 Action Against Westpac Over Money Laundering Scandal – 7 February 2020
This blog discusses the Westpac scandal, its massive consequences and the details of follow-on private securities litigation. Westpac, Australia’s second-largest retail bank, has been embroiled in a scandal arising from approximately 23 million alleged breaches of Australia’s anti-money laundering/countering terrorist financing laws and regulations involving nearly $12 billion in transactions.
http://jdsupra.com/legalnews/investors-bring-10b-5-action-against-63601/
Parkes man Stephen Swindle jailed after scamming drought-affected farmers – 7 February 2020
Stephen John Swindle received approx. $80,000 for hay and grain but did not deliver it to farmers. He has been found guilty and sentenced to 3 years and 6 months in jail. Police say farmers are vulnerable to scammers due to the pressures of drought.
https://www.abc.net.au/news/2020-02-07/parkes-man-steven-swindle-jailed-for-hay-scam/11924068
Inside the files that reveal alleged identity takeover of more than 100 Australians – 7 February 2020
The identities, bank accounts and superannuation funds of more than 100 Australians have been taken over by Adam Jones. Using this information Mr Jones allegedly created email, phone and bank accounts in their name. The alleged fraud totals $11 million.
Why every business needs a whistleblower policy – 6 February 2020
Article outlines excellent reasons why small business should proactively develop and implement a whistleblowing policy, even though it may not be mandatory for them to do so.
http://smartcompany.com.au/business-advice/legal/whistleblower-policy-sme-startups/
