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Showing 121 - 130 of 351 results for "Crime"

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
AUSTRAC private-public initiative the Fintel Alliance has released a financial crime guide to combat Australia's illegal wildlife trafficking industry. The guide, developed in partnership with the Department of Agriculture, Water and Environment, draws ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
J.P. Morgan Chase & Co is set to cough up close to $1.4 billion (US$1 billion) to shut down regulatory and government agency probes into market manipulation allegations on its precious metals and treasuries trading desk. As first reported by Bloomberg ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... and are implementing all the recommendations of the advisory panel report," King said. "We are strengthening our financial crime capability. We acknowledge the important role Westpac must play in protecting the integrity of the financial system." King ...

Adviser demands answers from Media Super

ELIZABETH MCARTHUR  |  TUESDAY, 8 SEP 2020
... expect as a society that the system doesn't prohibit people from doing that." Johns said his client has been a victim of crime in the past and is at risk of homelessness. Centrelink acknowledged the clients' vulnerable situation and escalated ...

ASIC drops CBA investigation

ALLY SELBY  |  THURSDAY, 27 AUG 2020
... systems and processes relating to AML/CTF compliance, Comyn said, as well as hiring senior leaders to oversee financial crime compliance. At the time, Comyn said the bank had pivoted its approach to risk management, recognising the importance of non-financial ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... persistence of the tax office to hold enablers of illegal schemes accountable and securing an outcome for honest taxpayers. "Tax crime is not victimless. This arrangement was set up to deliberately evade paying tax, which is money that could have otherwise ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... personal financial details are secure - don't be an easy target for criminals." The ATO is leading the Serious Financial Crime Taskforce (SFCT) in partnership with the AFP along with AUSTRAC, ASIC, Border Force, the Department of Home Affairs, the ...

Another sentenced in ATO fraud

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... years. Simon Anquetil pleaded guilty to charges of conspiring to defraud the Commonwealth and dealing with the proceeds of crime worth over a million dollars. He is the fifth person to be sentenced in relation to the syndicate and was given a non-parole ...

12 charged in $17m fraud

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... to the investigation was established," the regulators said. "The AFP engaged its partners through the Serious Financial Crime Taskforce to target this conspiracy to siphon off money that should have been remitted to the ATO." The statement said the total ...

Woman jailed in $105m tax scam

ELIZA BAVIN  |  MONDAY, 13 JUL 2020
... years. Hammond pleaded guilty to charges of conspiring to defraud the Commonwealth and conspiring to deal with proceeds of crime in excess of $1 million. She is the fourth person to be sentenced for their role in this syndicate and was given a non-parole ...