Dodgy Bank Used By Distributors Facing New Money Laundering Claims
Westpac’s anti-money laundering drama has taken a new turn with authorities now finding several large undisclosed transfers to questionable accounts overseas. Westpac... Read More
Westpac Admits 23mil Breaches In Money-Laundering Case
SYDNEY: Westpac has formally admitted 23 million breaches of anti-money laundering laws, due to failures in its transaction reporting and record-keeping. Its... Read More
Westpac Shares Plunge On Probe Into Money Laundering Claim
Leading Australian bank Westpac faces the prospect of a new investigation into its alleged money laundering and child exploitation scandal, according to... Read More
Money Laundering Watchdog Set To Monitor Facebook Libra
Global anti-money laundering watchdog, the Financial Action Task Force (FATF) , says it will closely monitor developments surrounding Facebook’s planned Libra cryptocurrency.... Read More
Afterpay Share Price Tumbles As AUSTRAC Orders Audit
UPDATE: Afterpay shares (ASX: APT) closed the day down just over 12 per cent. Shares in buy now, pay later service Afterpay... Read More
Afterpay In Regulator Crosshairs Over Compliance Issues
Buy-now-pay-later provider Afterpay has revealed federal regulators have raised issues over the potential for terrorism funding and money-laundering. Afterpay provided an update... Read More
Bye-Bye, Kim? NZ Court Rules Dotcom Can Be Extradited To US
The Auckland High Court has ruled that New Zealand entrepreneur Kim Dotcom can be extradited to face charges relating to his Megaupload... Read More