NewsBite

AUSTRAC

Advertisement
Crypto ATMs are becoming a trap for older Australians targeted by scammers.

Depositors beware: Crypto ATMs are the newest way to scam you

Cryptocurrency ATMs are popping up like mushrooms, with more than 1800 operating across the country now – and organised crime has caught on to it.

  • Elizabeth Knight

Latest

Private credit structures can be very opaque. But high returns have been attracting investors all year.

From ‘money muling’ to ‘micro-laundering’, new scams grab watchdog’s attention

Australia’s financial crimes watchdog, which once fined banks billions for sleeping at the wheel, is now working with them to catch criminals used to slipping through the net.

  • Colin Kruger
Bally’s chairman Soo Kim and one of its 19 properties, the Bally’s casino in Las Vegas.

Star casino falls to a new class of Wall Street predator

Cannabis, tobacco and Star casino may seem like an odd combination of interests, but Star’s rescuer is a different breed from recent US corporate predators.

  • Colin Kruger
Bally’s Corporation has 19 casinos across the United States and has set its sights on Australia’s Star.

Star may still be breathing but its rescue just got complicated

With a deal in hand to keep the lights on a bit longer, Star Entertainment now has a new bid from an opportunistic raider, adding a twist in the tale for management and Star lenders.

  • Elizabeth Knight
Crypto ATMs such as these are being used to launder money and scam Australian “money mules”.

Australians turned into money mules chasing crypto cash

Australia has the third-largest number of cryptocurrency ATMs in the world. They are being used to launder money for organised criminals.

  • Shane Wright
The Star needs friends now more than ever.

New gambling rules burn big hole in Star casino’s books

Restrictions on gambling with cash at Star’s flagship casino sent revenue plunging, adding to concerns about its viability.

  • Colin Kruger
Advertisement
CBA has had a win in the Federal Court, which dismissed two shareholder class actions against the bank.

Federal Court dismisses disclosure class actions against CBA

The judge found even though Commonwealth Bank was aware of problems before AUSTRAC’s 2017 case, it had not breached continuous disclosure obligations.

  • Clancy Yeates
The Star’s former chief financial officer has accused her former boss of failing to be transparent about its financial position.

The Star suggested burying $3.2 million in cash losses: Former CFO claims

Former chief financial officer Christina Katsibouba has made a series of allegations about the company’s failure to be transparent with investors and other executives regarding its financial position.

  • Amelia McGuire
The Star’s flagship casino has been given a six-month deadline to regain its licence or face the possibility of closing.

Four ways the cards could fall for Star Sydney

Star Sydney’s current and former executives are about to be hauled before Adam Bell, SC, for a second time in 18 months – and the stakes are high.

  • Amelia McGuire
Denise Coates is the richest self-made British woman.

Britain’s best-paid woman hit by money laundering failures fine at gambling empire

Online gambling firm Bet365 has been fined $1.1 million in the UK after failing to prevent potential money laundering and protect vulnerable customers.

  • Daniel Woolfson and Chris Price

Original URL: https://www.brisbanetimes.com.au/topic/australian-transaction-reports-and-analysis-centre-1n7r