Tweet Two Bitcoin-related alleged drug traffickers living large In the last few months, the Australian Federal Police have arrested two well-known Bitcoin guys suspected of leading secret lives as international drug traffickers. Both alleged to the public that they had real jobs, one operating a digital currency exchange and the other an IT business, but […]
Tweet Fourth banks closes remittances businesses Another bank in Australia, the Westpac Bank, has announced it will close its remittance business division next week over the difficulty of complying with counter-terrorism laws. By de-risking and closing its remittance division, the Bank is terminating the bank accounts of all of its business customers who operate money […]
Tweet Australia’s slot machines are being increasingly used by money launderers to wash millions of dollars a week from the proceeds of crime according to this report in The Sydney Morning Herald. Crime gangs routinely visit Sydney casino hotels several times a night, inserting thousands of dollars in slot machines at a time. $10,000 can […]