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Westpac executives escape penalties after ASIC ends investigation into the bank’s alleged compliance failures – 24 December 2020
ASIC has decided against penalising any Westpac executive for their roles in its 23 million breaches of anti-money laundering and counter-terrorism financing laws.
https://www.businessinsider.com.au/westpac-asic-executive-penalties-2020-12
South Australian Ombudsman investigation highlights Burnside Council’s corporate credit card abuse – 21 December 2020
SA’s ombudsman found Burnside Council is guilty of maladministration over its use of corporate credit cards that are funded by tax payers. The report found issues with credit card expenditure on food and alcohol.
A woman who outsmarted her and reckless spending: Melissa Caddick’s life before her disappearance – 21 December 2020
Since being reported as missing, Melissa Caddick’s dodgy business dealings have been unveiled, with her reportedly misappropriating millions of dollars in the past few years. Caddick is accused of orchestrating false financial statements to clients, making them believe their investments were growing.
90 plus arrested, almost $10k of stolen goods recovered during shoplifting operation – Redfern RES – 19 December 2020
Redfern Region Enforcement Squad (RES) investigators have arrested 97 people and recovered nearly $10,000 worth of stolen goods during a targeted four-day shoplifting operation. Items that people attempted to steal included electronic goods, clothing, perfume, bags, and groceries with a combined value of nearly $10,000.
