A prominent criminal lawyer has been charged with supplying millions of dollars in criminal proceeds as part of a $4.5 million money laundering scheme.
Hillsong Church has denied whistleblower allegations of extensive financial misconduct, claiming an employee was ânot correctâ to accuse the megachurch of funnelling donations through US bank accounts to skirt Australian charity regulations.
The NSW gaming regulator has suspended the Star Entertainment Groupâs casino license and handed it a $100 million fine after uncovering anti-money laundering breaches and âinherently deceptiveâ misconduct.
Two former employees of the Snowy Mountain Engineering Corporation have appeared in court facing foreign corruption charges linked to Sri Lankan infrastructure projects worth $14 million.
The self-declared âwolf traderâ of the Gold Coast, Tyson Scholz, has won his bid to exclude ASICâs evidence about the meaning of his tweets in its case accusing him of providing unlicensed financial services.
Fintech Humm has admitted to making âmisrepresentationsâ to Japanese bank SMBC over allegedly worthless receivables linked to Forum Finance but has denied it was negligent, claiming a Forum Group unit should share the burden of paying any damages in the $33.6 million lawsuit.
Responding to increasing crackdowns on anti-money laundering and counter terrorism breaches, Melbourne consulting firm KordaMentha has merged with Australian advisory firm Murray Waldren Consulting to form a new financial crimes service. The partnership comes off the back of damning reports by gaming regulators in NSW and Victoria into major casinos Star Entertainment and Crown Resorts.…
Two receivers for unlicensed investment scheme A One Multi Services have lost their bid to have 85 per cent of their future remuneration paid out immediately, with a judge agreeing with the corporate regulator that the receivers should not have âwhat are in effect trust fundsâ.
The federal prosecutor has argued that the former export manager of pharmaceutical ingredient producer Alkaloids of Australia should serve prison time after pleading guilty to cartel conduct over the supply of a key chemical in generic stomach cramp drugs.
The sacked CEO of Orix Australia has abandoned his challenge to a ruling allowing a set-off defence for the fleet management company in his case for unpaid leave entitlements and penalties.