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Bank lender guilty of home loan fraud – 1 November 2019
John Bazouni a former Sydney bank lender has been found guilty of using fraudulent documents to secure inflated home loans from his employer. Bazouni was allegedly paid $265,500 for his part in the scheme.
https://www.smh.com.au/national/nsw/bank-lender-guilty-of-home-loan-fraud-20191101-p536nd.html
AFP seizes $17.3m worth of property in Victoria, Tasmania in Chinese money laundering probe – 31 October 2019
The Australian Federal Police (AFP) has frozen properties worth A$17.3 million including a “supersized mansion” as part of an investigation into money laundering by two Chinese nationals. The money was raised through real estate and loan fraud with the proceeds of crime used to purchase or develop numerous properties in Melbourne and Tasmania.
Apple’s former insider trading watchdog indicted for insider trading – 25 October 2019
A former Apple lawyer who oversaw the company’s insider trading policy has been indicted on insider trading charges. Prosecutors allege Gene Levoff traded shares based on his knowledge of Apple’s financial results before they were made public.
More security needed for real time banking system – 23 October 2019
PayID allows payments to be made in real-time between banking accounts. The system has been the victim of hacker misuse twice this year, highlighting just how vulnerable the nation’s real time payments infrastructure is. The August incident involved customers of the big four banks (NAB, CBA, ANZ and Westpac)
https://www.cio.com.au/article/667865/more-security-needed-real-time-banking-system/
