Escalating $1b loan fraud scandal threatens to engulf top banks AUSTRAC is investigating a widening mortgage loan fraud scandal, after a syndicate duped Commonwealth Bank into writing $1 billion in loans off fake payslips.

If these are fraudulent loans against properties, could the government seize them all and use them for housing?

#AusPol #AUSTRAC

www.afr.com/companies/fi...

The investors are overseas: UAE, maybe the Saudi Friends of Donald Fund. Call #AUSTRAC

#AUSTRAC publishes a handy explainer on how the criminals work:

Method 10 – Overseas-based criminals investing in
Australian real estate

Overseas-based crime groups and individuals may buy real estate in Australia using illicit funds to conceal assets from
authorities in their home jurisdiction.

@toobitofficial.bsky.social just got $AUSTRAC registration, so now it’s “official crypto” in Australia.

Regulators aren’t protecting traders, they’re funneling them into compliance-certified ecosystems.

This is until you know, safety often comes with control..

#Toobit #AUSTRAC #Crypto #Web3

“Since 2017, Palantir has landed contracts with almost every Aus agency that has ever uttered the words “classified” or “sensitive.” #AUSTRAC #Defence #ACIC #ASD…

Victoria now even advertises intelligence jobs requiring experience with Palantir.”
#ThePalantirificationOfOZ
#sovereignty #auspol

Money laundering. ANZ and Crown covering for each other? What about AUSTRAC? - Michael West ANZ staffer identifies suspicious Crown casino transactions. Loses job. Despite two royal commissions and AUSTRAC investigating - silence

Tim Bryer - another unsung hero. Tells ANZ about Crown casino 'suspicious transactions'. Zach Szumer investigates money laundering cover-up, banks protecting big clients
#AUSTRAC #crown #auspol
michaelwest.com.au/money-launde...

KuCoin Registers With AUSTRAC, Expands Fiat On‑Ramps in Australia - Crypto Economy KuCoin achieved AUSTRAC Registration as a DCE, ensuring legal operations in Australia. We analyze the impact of its new alliance and expanded fiat access.

🚀 KuCoin boosts regulatory expansion

KuCoin registers with AUSTRAC and expands fiat on-ramps in Australia.

#KuCoin #AUSTRAC #Australia #crypto #regulation

KuCoin Achieves Important Regulatory Milestone in Australia with AUSTRAC Registration KuCoin, a prominent global crypto platform, has announced its AUSTRAC registration, significantly enhancing fiat access for Australian users and ensuring regulatory compliance.

KuCoin Achieves Important Regulatory Milestone in Australia with AUSTRAC Registration #Australia #Sydney #KuCoin #Digital_Currency #AUSTRAC

🛡️ منحت أستراليا سلطة جديدة لوكالة AUSTRAC للتحكم بآلات الصراف الآلي للعملات المشفرة، مع القدرة على تقييد أو حظر المنتجات عالية المخاطر، في تحرك لتعزيز مكافحة غسل الأموال والاحتيال #Crypto #Regulation #AUSTRAC #AML #CryptoATM

#auspol #ANZ #austrac

A culture of leniency. Exposing wrongdoing or protecting wrongdoers? - Michael West Corporate regulator ASIC lets crooked bankers walk free, and the notional anti-corruption commission ignores Robodebt.

ASIC doesn't prosecute bankers, or NACC the perpetrators of Robodebt.

@yelgeb.bsky.social on the blistering double standard in prosecuting white collars v blue, and protecting corporate reputations
#auspol #ANZ #austrac
michaelwest.com.au/asic-nacc-ex...

🛡️اختارت #Binance الخبير القانوني SB Seker لقيادة منطقة APAC، مستندًا إلى 20 عامًا من الخبرة مع #MAS و #AntGroup و #Cryptocom. التعيين يأتي وسط تدقيق #AUSTRAC في عمليات Binance Australia، لتعزيز الامتثال وضبط مكافحة غسل الأموال بالمنطقة. #APAC #Crypto #Compliance #AML

Suburban Casinos: will AUSTRAC bring an end to pokies money laundering? - Michael West Big profits and $2 billion+ in annual tax income from money laundering at pokie clubs may be about to come to an end if AUSTRAC has it way.

#auspol #MoneyLaundering #AUSTRAC

🔍 أمرت AUSTRAC منصة Binance Australia بإجراء تدقيق خارجي إلزامي بعد رصد ثغرات تنظيمية تشمل ضعف الرقابة الداخلية وغياب إشراف محلي فعّال، رغم تعاملات يومية تتجاوز 90 مليار دولار. الخطوة تعكس تشددًا في تطبيق قوانين مكافحة غسيل الأموال. #Binance #AUSTRAC #AML #كريبتو #قوانين

Autorité de surveillance australienne exige audit de Binance suite à des inquiétudes liées au blanchiment d’argent Principaux renseignements L’Australian Transaction Reports and Analysis Centre (AUSTRAC), l’agence gouvernementale australienne chargée de surveiller les abus du système financier afin de lutter contre le crime organisé, a ordonné à Binance Australia de se soumettre à un audit indépendant en raison de graves préoccupations concernant ses pratiques en matière de pratiques de blanchiment d’argent et […]

Autorité de surveillance australienne exige audit de Binance suite à des inquiétudes liées au blanchiment d’argent #Binance #Blanchiment #AUSTRAC #Audit #Cryptomonnaie

Australische waakhond eist audit van Binance na witwaszorgen Key Takeaways De Australian Transaction Reports and Analysis Centre (AUSTRAC), de Australische overheidsdienst die toezicht houdt op misbruik van het financiële systeem om georganiseerde misdaad te bestrijden, heeft Binance Australië opgedragen een onafhankelijke audit te ondergaan vanwege ernstige zorgen over witwaspraktijken en de financiering van terrorisme. Binance, ’s werelds grootste gecentraliseerde beurs voor cryptomunten qua […]

Australische waakhond eist audit van Binance na witwaszorgen #Binance #witwassen #AUSTRAC #cryptocurrency #audits

Entain Sets Aside A$100M for Potential AUSTRAC Penalty Entain Plc sets aside A$100 million for potential AUSTRAC penalty amid alleged AML breaches, highlighting ongoing compliance challenges.

Entain provisions A$100M for potential fine amid Australian AML probe. AUSTRAC alleges serious breaches at Ladbrokes & Neds brands.

igaming-times.com/entain-provi...

#Entain #AUSTRAC #AML #GamblingRegulation

🇦🇺 JUST IN: AUSTRAC hits crypto exchange Cointree with a $75K fine for late reporting 📉, warning stricter penalties ahead if compliance failures continue ⚠️ — a signal regulators are tightening the grip on crypto oversight across Australia. #Crypto #AUSTRAC

🇦🇺 فرضت AUSTRAC غرامة قدرها 75,120 دولارًا أستراليًا على منصة #Cointree لتأخرها في تقديم تقارير المعاملات المشبوهة #SMRs. التقرير المتأخر يعيق جهود مكافحة #غسل_الأموال و #تمويل_الإرهاب. Cointree تعاونت وتعمل على تحسين أنظمتها. #AUSTRAC #AML #CryptoRegulation

حذّرت AUSTRAC بورصات العملات الرقمية غير النشطة من إلغاء تسجيلها إذا لم تنسحب طوعًا، في إطار جهودها لمنع استغلالها في أنشطة غير قانونية. تشمل الإجراءات إطلاق سجل عام للتحقق من حالة البورصات. #AUSTRAC #Crypto #أستراليا #تنظيم_العملات #Blockchain

#TrumpConstitutionalCrises have other ramifications for USA.
#AusPol ForeignMinister, please, if 2025 so allows you, work with the current Gov to effect a suite of measures in solidarity with democratic resistance in USA.
#FiveEyes #AUKUS
#FATf #AusTRAC

#AustraliaVotes 2025.

#FollowTheMoney #FullyOffshore from, say, #DelawareToDubai #SeychellesToCyprus #GibraltarToMalta #TorontoToTelAviv
#SofiaToSingapore

#ShellCompanies #StrawDirectors
#BeneficialOwnershipTransparency #OnlineHygiene #SecrecyHavens

#CorporateTransparencyAct 1-1-2021 defanged

#FinCEN

#AusTRAC
#AMLctf

#FollowTheMoney #FullyOffshore #investigativeJournalism
#ShellCompanies #StrawDirectors
#CompanyFormationAgent$
#UltimateBeneficialOwnership
#CorporateTransparencyAct 1-1-2021
#AMLctf
#FinancialActionTaskForce #FinCEN #AusTRAC
Anti #MoneyLaundering

#SecrecyHavens
#BeneficialOwnershipTransparency

Same day as they buried #CorporateTransparencyAct Jan, 2021.
#AMLctf was important, wasn't it?

#ShellCompanies #StrawDirectors #CompanyFormationAgent$ helping 2 hide #UltimateBeneficialOwnership of mercenaries, assassins, #OligarchsForPutin, #TateBrothersPimpingGang, other Cartels.
#FinCEN #AusTrac

Alchemy Pay Receives AUSTRAC Accreditation for Digital Currency Exchange in Australia Alchemy Pay has officially obtained AUSTRAC approval to operate as a Digital Currency Exchange Provider, enhancing crypto services in Australia.

Alchemy Pay Receives AUSTRAC Accreditation for Digital Currency Exchange in Australia #Australia #Alchemy_Pay #Digital_Currency #AUSTRAC

Neds, Ladbrokes owner faces fight with money-laundering watchdog Financial crime regulator AUSTRAC has commenced proceedings against Entain, the global sports betting group behind local brands Ladbrokes and Neds.

Neds, Ladbrokes owner faces fight with money-laundering watchdog

Drop in the bucket ? Compared to Pokies in 'Club Land' ?
#nswPOL #ausPOL #Gambling #advertising #TV #AUSTRAC

www.smh.com.au/business/com...

AUSTRAC, Kripto ATM'lerini Takibe Alacak: Yeni Denetim Ekibi Kuruluyor Avustralya'nın finansal suçlarla mücadele birimi olan Australian Transaction Reports and Analysis Centre (AUSTRAC), kripto para sektörüne yönelik

AUSTRAC, Kripto ATM’lerini Takibe Alacak: Yeni Denetim Ekibi Kuruluyor https://buff.ly/4gd4ZIo #kriptopara #koinmedya #bitcoin #ethereum #btc #eth #güncelhaber #atm #austrac #kriptopara

3/:
#AMLctf #AusTRAC #AntiMoneyLaundering
rigour helps protect Australian economy, including #RentalPropertyMarket, from #BubbleLoadsOfCrookCash & #KleptoCurrency.

#HousingCrisisAu
#HousingCrisisSolutions

#ShellCompanies #FollowTheMoney
#FullyOffshore

Nov, 2023:
home.treasury.gov/news/press-r...

Almost a decade but never too late
#AMLctfAmendmentBill2024 is useful #Culturalinfrastructure in Australia but also helps in global solidarity against #MoneyLaundering.
#AMLctf #AusTRAC #FATf #FinancialActionTaskForce
Also:
#HousingCrisisSolutions!