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Twitter bans cryptocurrency ads on fraud fears – 27 March 2018
The value of Bitcoin has fallen this week, following Twitter’s announcement of a ban on ads for initial offerings or sales of virtual currency. The crackdown is an attempt to reduce the amount of fraud and deception users are exposed to.
http://www.thebull.com.au/articles/a/73413-twitter-bans-cryptocurrency-ads-on-fraud-fears.html
Canberra man jailed for almost eight years over role in over $1m trustee fraud – 26 March 2018
Canberra man Timothy Stewart McLeod has been sentenced for almost eight years’ jail after it was discovered he was part of a scheme that earned over $1 Million dollars from vulnerable clients of the ACT’s Public Trustee. Three other men have received similar sentences for their roles in the fraud.
http://www.abc.net.au/news/2018-03-26/canberra-man-jailed-for-role-in-public-trustee-fraud/9588744
Companies finally facing big fines for fraud – 26 March 2018
The leniency of Australia’s sanctions against companies that breach cartels or defraud consumers is set to become a more widely debated topic in light of the current banking royal commission. It is expected that corporate watchdogs will place a greater focus on identifying and penalising white collar crime.
‘Opportunity lost’: Call for review of whistleblower laws – 23 March 2018
There have been calls for the Turnbull government to promise a review of the drafted whistleblower protection legislation, after concerns the current draft bill is inadequate. Meanwhile, The Greens continue to push for a corporate whistleblower reward scheme.
