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Five people arrested after alleged $62m money laundering operation

Five people have been arrested in Melbourne following an investigation linked to one of Australia’s largest ever alleged money laundering operations. Read more at The Age RiskScreen: Eliminating Financial Crime with Smart Technology… Read More

Anti-money-laundering agency obtains Star casino files as its share price dives

Anti-money laundering agency Austrac has obtained internal reports from The Star that reveal how the listed gaming giant failed to confront money laundering and terrorist financing risks in its Sydney and Queensland casinos. The move to compel The Star to hand over the confidential documents, including some prepared for the… Read More

The fallen Star: Sydney’s cleanskin casino caught in ‘dirty’ company

Listed gaming giant Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years, even though its board was warned its anti-money-laundering controls were failing. Between 2014 and 2021, Star cultivated high-roller gamblers who are allegedly associated with criminal or… Read More
28th September 2021
The Illicit Tobacco Taskforce (ITTF) is an Australian Border Force (ABF)-led multiagency taskforce established in 2018. The ITTF is focused on investigating, prosecuting, and dismantling international organised crime groups who use the proceeds of illicit tobacco to fund criminal activities. The ITTF combines the operational, investigative and intelligence capabilities of… Read More
15th September 2021
Australia reported on Wednesday a 13% jump in cyber crime in the past year, with about one incident in four targeting critical infrastructure and services as working from home during the pandemic made more people vulnerable to online attacks. The Australian Cyber Security Centre (ACSC) received one cybercrime report every… Read More
13th September 2021
Six men including a Briton have been arrested off the coast of Plymouth after authorities seized more than two tonnes of cocaine worth about £160m. Britain’s National Crime Agency (NCA) said an operation involving its personnel as well as the Australian Federal Police (AFP) and Border Force arrested the British… Read More
13th September 2021
A high-flying lawyer swindled the Commonwealth and a top international legal firm out of more than £600,000 in a series of frauds. Joshua Brien, 48, established himself during 12 years at the Commonwealth Secretariat as an expert on the laws of the sea, offering advice around the… Read More
12th September 2021
Two of Australia’s largest lenders, National Australia Bank (NAB) and Westpac, on Thursday rejected criticism that they are stymieing competition by refusing to do business with cryptocurrency providers. Many of Australia’s top financial institutions have not engaged with the sector, despite its huge growth in the past year, due to… Read More
10th September 2021
National Australia Bank chief executive Ross McEwan has confirmed the bank is examining millions of customer accounts as part of an internal project to plug holes in its anti-money laundering regime, under questioning during a heated parliamentary exchange. The Age and Sydney Morning Herald first revealed in… Read More
8th September 2021
Zachary Horwitz, an actor in low-budget horror and science-fiction movies, has agreed to plead guilty to running a massive Hollywood Ponzi scheme. Horwitz, 34, admitted in court papers that he duped investors into giving him more than $650 million for fictitious movie deals with HBO and Netflix. While Horwitz repaid… Read More
8th September 2021
When FBI agent Mark Calnan finally met the kingpin whose drug syndicate he’d been investigating for the past six years, he was surprised. With his black hair parted down the middle and modest fashion sense, Tse Chi Lop didn’t look like the head of a multinational operation that had flooded… Read More
8th September 2021
According to a report by Yle, the National Bureau of Investigation (KRP) has increased efforts to monitor illegal trafficking of drugs and other substances online, in collaboration with other authorities. As per the 2019 Global Drugs Survey (GDS), Finland was the country with the most amount… Read More
7th September 2021
Financial intelligence regulator AUSTRAC has assessed the four major banks as the highest risk for vulnerability and criminal exploitation of any banking institutions in Australia in a series of risk assessments published on Monday. The feared financial regulator says the criminal environment facing the banks is complex and extensive, exposing… Read More