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AUSTRAC to be questioned about its workload, abilities – 18 March 2021
Financial intelligence regulator AUSTRAC will face questioning about its ability to effectively monitor and enforce breaches of the Anti-Money Laundering and Counter-terrorism Financing Act, at a hearing scheduled to take place on Friday.
https://www.afr.com/companies/financial-services/austrac-under-the-hot-lights-20210318-p57bul
(Access to financial version of AFR required.)
Teen Twitter hacker Graham Clark sentenced for bitcoin scam – 17 March 2021
The teenage mastermind behind a high-profile hack on Twitter where well-known celebrities and valuable companies were used to promote a bitcoin scam, pleaded guilty and has been sentenced to three years in a Florida prison.
102yo grandmother scammed out of aged care bond in $375,000 email hack – 17 March 2021
The scammers tricked Phoebe, who has power of attorney for her grandmother, by posing as an employee of the aged care home over emails. The family lost $375,000 from the sale of their grandmother’s home. Consumer Protection WA believes scammers are using spyware to access emails
How to protect against COVID-19 financial fraudsters – 17 March 2021
The pandemic has inspired a spike in online fraud and unregulated financial advice, but checking your adviser’s credentials and securing your online data can help, experts say.
(Access to digital version to AFR may be required to read this article.)
