Westpac is fined $1.3 BILLION – the biggest in Australian history – for shocking breaches of money laundering laws that allowed paedophiles to profit from raping kids Westpac has agreed to pay a $1.3billion fine for breaching money laundering law Australia’s second biggest bank admitted to breaching the law 23million times An announcement was made … Read more
Don’t be a student sucker: Youngsters warned over offers of ‘easy money’ as more are tempted into laundering cash for criminals via current accounts Reporting body Cifas said there were a record 364,000 reports of fraud in 2019 A large proportion of these were cases of suspected ‘money muling’ This is where people are convinced … Read more
Playboy tycoon James Stunt will be charged with money laundering and forgery but claims it is ‘the biggest fit-up’ after detectives investigated alleged ‘proceeds of crime’ Mr Stunt, who was once married Petra Ecclestone, will be summonsed in July The 38-year-old told his Instagram followers in a video that he was innocent Once worth an estimated … Read more
Betway is hit by record £11.6m fine for failing in its social responsibility to customers after ‘VIP’ client lost £4m of an £8m deposit while another gambled away £187,000 in two days Malta-based firm failed to carry out source of funds checks on ‘VIP’ customer They deposited more than £8million and lost more than £4million … Read more