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Banks take five years/Fruits to refund fraud victims /larger fines in wake of banking royal commission – 23 April 2018
If big banks forge documents or charge for a service they don’t deliver, Australians wait an average of five years before getting a refund.
New reforms announced last week will see banks who break the law facing fines as high as $210 million and equip the corporate regulator with stronger enforcement powers.
ANZ in lending, fraud crackdown – 23 April 2018
ANZ, the nation’s third largest mortgage lender, is boosting scrutiny of clients’ personal identity, income, qualifications and capacity to repay loans amid evidence of wide-scale identity theft.
http://www.afr.com/business/banking-and-finance/anz-in-lending-fraud-crackdown-20180422-h0z3vn
Iran central bank bans cryptocurrency dealings – 23 April 2018
DUBAI (Reuters) – Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis.
https://au.news.yahoo.com/iran-central-bank-bans-cryptocurrency-dealings-40019499.html
Japanese Police Arrest 12 in $1.8 Million Fake Fiat/Bitcoin Fraud – 19 April 2018
A joint investigation between Tokyo and Hyogo police into an alleged fraud involving a bitcoin worth ¥190 million has led to the arrests of 12 individuals in total.
https://www.ccn.com/japanese-police-arrest-12-in-1-8-million-bitcoin-fake-fiat-fraud/
