NewZ NewZ with a Zeal
A NSW commission will hold an inquiry into the scope of money laundering through the state's 87,000 poker machines.
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Three charged over alleged money laundering and drug trafficking on the dark web
South Australia Police have charged two men and a woman with drug trafficking and money laundering after their alleged crimes were exposed on the dark web. On Monday police searched properties in Adelaide and Kings Park Two men and a woman have been …
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Random Car Search Leads To 4 Million Money Laundering Bust
Police have unexpectedly busted a man for money laundering more than four million dollars. Officers made the discovery when they noticed the man acting suspicious next to a parked car on the side of the road in Calamvale in the early hours of last Saturday morning.
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Anti-money laundering policies should not burden property sector — REIA
REIA president Adrian Kelly addressed the claims made by some institutions that money laundering practices are driving up house prices. "Low supply, high demand, high taxes, a greater demand for houses over units and uncertainty of vendors to list new properties created by the ongoing COVID-19 pandemic are all major …
Read More »Major Money Laundering Syndicate Used Foreign Student Identities For Transactions
Police have smashed one of Australia’s biggest money-laundering syndicates, that “bought” the identities of hundreds of foreign students off the dark web to wash cash and take tens of millions of dollars offshore.
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Five arrests in $62m money laundering bust
A police investigation into an alleged $62 million money laundering operation dubbed the largest of its kind has led to the arrest of five people in Victoria.Police on Thursday arrested a 31-year-old Caulfield North woman,
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Australian accounting body backs anti-money laundering and counter-terrorism regulation
Chartered Accountants Australia and New Zealand (CA ANZ) has voiced its support for new legislation on money laundering and terrorism financing.
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Queensland bikie associate and alleged money launderer has $1.8m seized
A Queensland man linked to the Finks and Mongols bikie gangs has lost more than $1.8 million in assets after a federal police sting.
Read More »FMA taking harder line on anti-money laundering rule breaches
The Financial Market Authority (FMA) plans to take a harder line on financial service providers compliance with anti-money laundering and counter terrorism financing rules.
Read More »Human Trafficking a Serious Money Laundering Concern for Financial Institutions
Human trafficking is now one of the biggest concerns for compliance professionals across the globe, according to the latest annual anti-money laundering study from BAE Systems: The State of Anti-Money Laundering 2021.
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