Court document sheds new light on alleged money laundering case involving former South Sudanese military general

Court document sheds new light on alleged money laundering case involving former South Sudanese military general

Updated May 14, 2018 11:02:09 Many Australians struggle to save a deposit for a home, let alone pay for a property in full. So how did then 22-year-old Ngouth Oth Mai manage to buy a $1.5 million property in Melbourne upfront in 2014 when he had only ever earned welfare …

Cryptocurrencies get AUSTRAC anti-money laundering and terrorism funding scrutiny

Cryptocurrencies get AUSTRAC anti-money laundering and terrorism funding scrutiny

Updated April 11, 2018 13:49:06 Cryptocurrency exchanges operating in Australia will now come under the scrutiny of Australia’s financial intelligence agency, AUSTRAC, and be monitored for money-laundering and terrorism funding activities. The new law gives AUSTRAC the powers to police digital currency exchanges (DCEs) trading in a variety of crypto …

New AUSTRAC boss Nicole Rose shocked by ‘depth and breadth’ of money laundering

New AUSTRAC boss Nicole Rose shocked by ‘depth and breadth’ of money laundering

Posted April 05, 2018 10:56:32 Australia’s financial intelligence czar Nicole Rose says she is shocked at the depth of money laundering in the economy involving organised crime, child exploitation and drug importation. “I thought coming from the Australian Criminal Intelligence Commission that I had a pretty good handle on serious …

Law firm Stanton Grant Legal taken over by authorities after bikie ‘money laundering’ raids

Law firm Stanton Grant Legal taken over by authorities after bikie ‘money laundering’ raids

Posted March 30, 2018 06:55:00 A Melbourne law firm raided by the Victoria Police anti-bikie taskforce last week has been seized from its partners and placed in the hands of a manager chosen by the legal regulator. Key points: Managing partner at Holding Redlich will take over day-to-day control of …