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Charges laid against Brisbane lawyer over $4.5M money laundering scheme
White Collar 2022-10-25 4:00 pm By Sam Matthews

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.

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Hillsong Church denies wrongdoing in whistleblower lawsuit
Employment 2022-10-18 3:57 pm By Cindy Cameronne

Hillsong Church has denied whistleblower allegations of extensive financial misconduct, claiming an employee was “not correct” to accuse the megachurch of funnelling donations through US bank accounts to skirt Australian charity regulations.

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The Star cops record $100M fine, licence suspension following damning report
Gaming 2022-10-17 5:44 pm By Cindy Cameronne

The NSW gaming regulator has suspended the Star Entertainment Group’s casino license and handed it a $100 million fine after uncovering anti-money laundering breaches and “inherently deceptive” misconduct.

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Former SMEC employees charged over foreign bribery conspiracy
Transportation & Infrastructure 2022-10-11 2:30 pm By Christine Caulfield

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.

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Judge throws out ASIC evidence on tweets in ASX Wolf Trader’s case
ASIC 2022-10-05 4:48 pm By Cindy Cameronne

The self-declared “wolf trader” of the Gold Coast, Tyson Scholz, has won his bid to exclude ASIC’s evidence about the meaning of his tweets in its case accusing him of providing unlicensed financial services.

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Humm points finger at Forum Finance in SMBC’s $34M lawsuit
White Collar 2022-10-04 11:40 pm By Cindy Cameronne

Fintech Humm has admitted to making “misrepresentations” 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.

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KordaMentha launches financial crime service with new acquisition
Business of Law 2022-10-04 3:31 am By Cindy Cameronne

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.…

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Judge rejects A One Multi receiver’s request for future remuneration
Restructuring & Insolvency 2022-09-20 1:02 pm By Cindy Cameronne

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 “what are in effect trust funds”.

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Alkaloids export manager should face prison for cartel conduct, court told
Competition & Consumer Protection 2022-09-16 11:12 pm By Cindy Cameronne

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.

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Ex-Orix boss drops fight over set-off defence
Employment 2022-09-16 11:52 pm By Christine Caulfield

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.

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