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Banker jailed after stealing $265,000 in elaborate fraud – 1 March 2018
Brisbane-based ANZ employee Justin Chung Pak Chia will face up to five years in jail, after allegedly using a false employee number to create a fake account. The account was used to steal $265,000 from a trust fund, in order to bet on the stock market.
The USA’s top financial watchdog is going after the ICO market with a wave of subpoenas – 1 March 2018
The US Securities and Exchange Commission has reportedly issued a number of subpoenas to persons associated with initial coin offering projects, in an attempt to expose potential fraud and non-compliant activity in the market.
Charges laid over $9m Sydney fraud – 28 February 2018
A 35-year-old man from Sydney has been charged for committing fraud worth over $9 million. It is alleged that the man fraudulently diverted almost $10 million from a financial institution into a personal banking account, between June 2016 and August 2017.
https://www.sbs.com.au/news/charges-laid-over-9m-sydney-fraud
Done deal: LexisNexis and ThreatMetrix fight fraud as one – 26 February 2018
Global information and analytics giant RELX has recently acquired technology company ThreatMetrix, and is set to join forces with risk solutions company LexisNexis to fight fraud and financial crime. The acquisition is set to pave the way for a more innovative approach to fraud and identity risk management globally.
https://securitybrief.com.au/story/done-deal-lexisnexis-and-threatmetrix-fight-fraud-one/
