The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
APRA drops Westpac laundering case – 12 March 2021
The prudential regulator says Westpac Banking Corp’s anti-money laundering failings did not amount to a breach of the Banking Executive Accountability Regime (BEAR) or the Banking Act and it has closed its investigation into the bank, two-and-a-half months after ASIC also shut its probe.
https://www.afr.com/companies/financial-services/apra-drops-westpac-laundering-case-20210312-p57a68
(Access to digital version to AFR may be required to read this article.)
Man charged with fraud over alleged $400 million NDIS scam – 11 March 2021
A Victorian man, Demetrios ‘James’ Charisiou, who allegedly convinced two major Korean investment houses into investing $395 million in fake NDIS-related property deals has been charged with fraud. Police will allege the finance was purported to be for the purchase of Melbourne apartment buildings and their planned lease.
Queensland man jailed over Gumtree fraud – 2 March 2021
A man who forged bank transfer receipts to buy excavators and high-end cars worth more than $770,000 has been sentenced to seven years behind bars.
https://au.news.yahoo.com/queensland-man-jailed-over-gumtree-042142740.html
ASIC moves against REST on false and misleading charges – 2 March 2021
The regulator has announced the commencement of civil penalty proceedings in the Federal Court, against Retail Employees Superannuation Pty Ltd (REST), for false or misleading representations made about the ability of its members to transfer their superannuation, out of the Retail Employees Superannuation Trust (the fund).
