Race-car-driving café owner Vince Tesoriero will be cross-examined after Westpac raised concerns about his evidence on how he came to receive $28 million in cash and millions more in property.
Ethical hackers are paid by companies to find weaknesses in security defences. The business is booming as the threat of cybercrime peaks through COVID-19.
Homebuyers could be competing at property auctions against organised criminal gangs using Australia to launder billions,according to law enforcement agencies.
CBA,Westpac,ANZ Bank and NAB will not appear before the Senate inquiry into the country’s anti-money laundering regime,despite being invited by the legal and constitutional affairs committee.
Iugis planned a massive listing on the ASX,but liquidators say it was funded with fraud proceeds and only ever leased 280 machines to a handful of customers.
After five months of detailed forensic investigations,liquidators from McGrathNicol will soon move to recovering and selling assets owned by Bill Papas and his Forum business.
The court-ordered arrest warrant will now pave the way for the extradition of Bill Papas,who has been accused of orchestrating a $400 million fraud against Westpac and other banks.
A liquidators report into Bill Papas’ company Forum Finance has accused the colourful soccer identity of a range of criminal offences.
The financial crime prevention start-up,which counts three of the four major banks and Afterpay as customers,has just opened an office in Seattle and has its eyes set on London and Singapore.
But was it the real ASIC or the ‘fake ASIC’ that posted the warning to Telegram users that they could face jail time if caught ramping a stock for short-term profits.
The Pandora Papers again highlight how Australia has fallen behind other countries in stamping out tax avoidance and money laundering.