Displaying items by tag: Money laundering

Newcastle-based Greater Bank, otherwise known as The Greater to locals, is working with analytics and AI leader SAS to protect its 270,000-plus customers and $8 billion of assets from fraud and money laundering.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has been awarded the Best Collaboration of the Year Award by the International Compliance Association (ICA).

Australian billionaire mining magnate Andrew "Twiggy" Forrest AO has launched criminal action against Facebook over scam cryptocurrency advertisements that used his image, claiming Facebook has breached anti-money laundering laws.

The ABC, which claims to be Australia's "most trusted news service", failed to tell its viewers, during an investigative program on house prices, about the possible impact money laundering has on the local housing market.

Australian-listed technology regulation company Kyckr is partnering with defence, security, and aerospace company BAE Systems Applied Intelligence to jointly address anti-money laundering and compliance challenges of regulated firms.

Australia Post has selected Napier's anti-money-laundering and counter-terrorism-financing (AML/CTF) technology platform.

Over $1.26 million has been lost by Australians to government impersonation scams, according to a new report from the ACCC’s Scamwatch service.

Facebook’s announcement of its intention to launch a new virtual currency has prompted a warning from a Charles Sturt University expert that cryptocurrencies have a number of features that make them attractive to criminals.

Russian authorities have arrested a 32-year-old man who is accused of being the leader of a group that was stealing funds from Russian banks by using a trojan that runs on the Android mobile operating system.

Data analysis by British multinational defence, security, and aerospace company BAe Systems has produced what the company claims are the six most common profiles of people involved in money laundering around the globe.

Intel has launched its Saffron anti-money laundering adviser which it says is aimed at detecting financial crime through a transparent AI solution utilising associative memory.

Two longstanding directors of the scandal-hit Commonwealth Bank are vacating their board seats in what appears to be a fallout caused by the ongoing crisis.

Australia has said it will move to regulate exchanges that deal in the cryptocurrency bitcoin, as part of its crackdown on money laundering and terrorist financing.

Commonwealth Bank chief executive Ian Narev will bid goodbye to the organisation by the end of June 2018 in the wake of the allegations of violating money-laundering and counter-terrorism financing laws levelled by AUSTRAC.

The Commonwealth Bank has blamed coding errors in a software update for its Intelligent Deposit Machines for its allegedly falling foul of Australian money-laundering and terror-financing laws.

Cybercrime is still on the rise and specialist hacking skills and cyber attacks are being paid for via untraceable payments through online gambling sites, according to a research paper released today by security firm McAfee.

At a dramatic press conference in New York City, the US Department of Justice (DOJ) has announced it has broken open a Costa Rican money laundering operation that had over a million users. Australia was one of 15 countries involved in shutting down the operation.