October
Labor, Coalition clash over laws for lawyers, accountants, realtors
Shadow attorney-general Michaelia Cash roundly criticised plans to expand anti-money laundering laws to the three professions.
- Ronald Mizen
September
Luxury cars among Plutus Payroll tax fraud spoils up for grabs
A Porsche Cayenne GTS, a Porsche 911 GT3 and two Wolf GB08 Tornado racing cars are among 30 vehicles confiscated from instigators of the fraud that will be auctioned off.
- Ronald Mizen
Real estate agents face costs to meet new money laundering rules
Australia is at the bottom of a global compliance ranking to halt dirty money flows. Fixing that will raise costs for real estate agents.
- Michael Bleby
April
The man who cracked Japan’s crime gangs is back for a sequel
Jake Adelstein’s Tokyo Vice exposed Japan’s yakuza. Now he’s out of police protection and releasing a new book.
- Michael Smith
NSW clubs ‘acutely aware’ of money laundering laws
Lobby group ClubsNSW said its members had recently met with the financial crime watchdog to ensure they were complying with anti-money laundering laws.
- Ronald Mizen
- Exclusive
- White collar crime
AUSTRAC targets clubs’ pokies in $70b money laundering crackdown
New CEO Brendan Thomas says “massive” clubs that rival Sydney’s Star casino and host three in four of the states pokies pose a “significant risk”.
- Ronald Mizen
March
CBA backs UK start-up improving screening for financial crime
Global Screening Services now counts CBA as a shareholder. It’s building standards for banks to check cross-border payments against sanctions lists.
- James Eyers
Dirty money reforms loom as Russians charged over $2m deposits
Attorney-General Mark Dreyfus is consulting on changes expected to add real estate agents, accountants and lawyers to anti-money laundering and counterterrorism financing rules.
- Tom McIlroy
January
Most cash is being hoarded, and lots used for crime, says RBA
As the RBA and lenders respond to crisis in cash distribution, new analysis shows up to 80pc of cash is being hoarded, while up to 11pc is in criminal hands.
- James Eyers
December 2023
Billion-dollar AFP busts reveal what criminals do with their money
A police taskforce has seized more than $1.1 billion worth of assets from alleged criminals, including fancy houses, fast cars, designer gear and bags of cash.
- Patrick Durkin
October 2023
Inside the secret Accenture team trying to hack the banks
Jason Ford and his “red teams” have been breaking into banks by fooling workers with the latest psychological tricks targeting the human foibles that leave IT defences vulnerable.
- James Eyers
- Exclusive
- AUSTRAC
Ex-ANZ employee among suspects in huge money-laundering ring
The Australian Financial Review can reveal a former ANZ employee is among seven ringleaders accused of running Australia’s biggest money-laundering operation.
- Patrick Durkin and Lucas Baird
‘Shiny shopfronts’ led police to bust $10b Chinese crime ring
Seven people have been arrested in connection to an alleged Chinese money laundering ring whose operators were said to lead lives of luxury.
- Patrick Durkin
- Exclusive
- NZ election
Why NZ’s likely new PM channels Mark McGowan
The man widely tipped to become New Zealand’s next prime minister says he’s looked to Australia to develop many of his signature policies.
- Tom Rabe
August 2023
Food spurs Woolies growth, but toasters off the menu
The supermarket group says food price inflation is easing, but sales at its discount chain softened dramatically in the fourth quarter.
- Updated
- Carrie LaFrenz
Illegal tobacco, rising cigarette prices dent supermarket profits
Master Grocers Association chief David Inall says illicit tobacco is a significant concern for its 2700 members, mostly independent grocery and liquor stores.
- Carrie LaFrenz
July 2023
Plutus lawyer jailed nine years for ‘biggest tax fraud’
Dev Menon’s abuse of his professional status and the trust placed in it exacerbated his persistent course of conduct throughout his involvement.
- Jack Gramenz
June 2023
Corrupt lawyer in Plutus tax fraud ‘abused trust’
Prosecutors are gunning for a stiff sentence for a senior conspirator in the $105 million Plutus tax fraud, saying his status as a lawyer made his offending worse.
- David Marin-Guzman
May 2023
Lauren Cranston jailed for eight years for Plutus tax fraud
The daughter of a former deputy tax commissioner has been sentenced to eight years in prison for her role in one of Australia’s largest tax frauds after the judge found she showed no remorse.
- Updated
- David Marin-Guzman
April 2023
Accountants, estate agents may have to report dirty cash suspicions
As many as 100,000 accountants, lawyers and real estate agents look set to be required by law to report suspicious financial transactions to authorities.
- Tom McIlroy