Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime watchdog Australian Transaction Reports and Analysis Center (AUSTRAC) said Westpac ignored warning signs and allowed payments from convicted child sex...
U.S. federal law enforcement agencies have recovered $110,000 worth of stolen bitcoin, and returned it to cryptocurrency exchange Bitfinex. That amount — totaling 27.7 bitcoin — is just a small portion of the amount stolen by hackers in August 2016. The criminals made off with...
In Australia, cryptocurrencies are getting more scrutiny from regulators. Reuters reports that the country has moved oversight of digital currency providers to its financial intelligence agency AUSTRAC. The shift is immediate, reported the newswire, and represents the first steps to strengthen efforts under the country’s...
A key regulator in Australia’s financial services industry said this week that the charges accusing Commonwealth Bank of Australia (CBA) of engaging in money laundering will not hobble its ability to operate. According to news reports from Reuters, Australian Prudential Regulation Authority (APRA) chairman Wayne...
March 01, 2022
Crown Resorts, Australia’s largest casino operator, is accused of violating money-laundering mandates in a lawsuit filed by the country’s financial watchdog in federal court on Tuesday (March 1). In a statement of claim filed by the Australian Transactions and Reports Analysis Centre (AUSTRAC), Crown Resorts allegedly committed “innumerable” breaches of anti-money laundering laws (AML) that […]
November 20, 2019
Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime watchdog Australian Transaction Reports and...
February 26, 2019
U.S. federal law enforcement agencies have recovered $110,000 worth of stolen bitcoin, and returned it to cryptocurrency exchange Bitfinex. That amount — totaling 27.7 bitcoin — is just a small...
September 14, 2017
A key regulator in Australia’s financial services industry said this week that the charges accusing Commonwealth Bank of Australia (CBA) of engaging in money laundering will not hobble its ability...
