12th October 2020
AUSTRAC has released a new financial crime guide to help regulated entities in identifying, targeting and reporting suspicious financial activity related to Australia’s illegal wildlife trafficking trade. The financial crime guide was developed by AUSTRAC’s public-private partnership, the Fintel Alliance, with the Department of Agriculture, Water and Environment, drawing on… Read More
12th October 2020
Victoria’s gambling regulator is taking action against James Packer’s Crown Resorts group, accusing it of failing to properly control junket operators who bring high-rollers to its Melbourne casino. The Victorian Commission for Gambling and Liquor Regulation on Friday told Guardian Australia it made the move after wrapping up… Read More
9th October 2020
NAB has been flagging around 10 transactions a month as potentially related to human trafficking but did not maintain its own records of its suspicions about the sinister nature of transactions involving criminals, terrorists and paedophiles until the middle of 2019. The bank revealed over the seven months to January… Read More
8th October 2020
Under lengthy questioning James Packer has admitted he has “long been on clear notice of the links” between organisers of gambling junkets at Crown Resorts’ casinos and organised crime, but that he personally did nothing to set risk guidelines for the high-roller operation while executive chairman of the company. Read More
6th October 2020
Billionaire James Packer blames sickness for a “shameful” email threat he sent to a mystery businessman in 2015, the NSW casino inquiry has heard. Mr Packer admitted threatening the mystery businessman, Mr X, during his grilling at the NSW casino inquiry on Tuesday afternoon. The NSW Independent Liquor & Gaming… Read More
2nd October 2020
A New South Wales inquiry into Crown Resorts and its casino licence has heard that Crown has suspended dealings with the 100-odd junket operators who bring high rollers from Asia and is conducting reviews of possible criminal links. Director Guy Jalland agreed that the pause had been mainly prompted… Read More
29th September 2020
The principal lawyer leading a class action against the country’s second largest bank has said the mammoth settlement agreement over its money laundering charges would spell good news for claimants. Tim Finney, director of Melbourne law firm Phi Finney McDonald, said the $1.3 billion penalty agreement between Westpac and the… Read More
29th September 2020
The federal government’s glacially slow pace in delivering the tools to combat phoenixing and money laundering has delivered benefits to an unlikely constituency: organised crime. Revenue lost from money laundering, tax evasion schemes and phoenixing of companies – often orchestrated by unscrupulous accountants and lawyers – is costing Australian taxpayers… Read More
28th September 2020
Alexander Vinnik is in a world of trouble. The 40-year-old Russian is inside a jail cell in France, where prosecutors argue he is responsible for a vast criminal enterprise. His problems do not end there: US prosecutors want to extradite him to face criminal charges, while New Zealand police have… Read More
28th September 2020
According to an Interpol Red Notice, Philip Egglishaw is 67 years old, 1.75m tall, with a moustache and receding hairline. The “international fraudster”, as he was once dubbed, is wanted by Australian authorities for his role as the alleged mastermind of one of the country’s largest tax evasion and money-laundering… Read More