Tag Archives: money-laundering

TERROR-RELATED TRANSACTIONS

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regulator. The regulator says that Australian jihadists have taken to getting small bank loans with no intention of paying them back and maxing out … Continue reading

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EUROPE’S NEW MAFIAS

Source: Al Jazeera 23 Jan 2014 No one paid the two men much attention as they approached the bank. It was around three in the afternoon in a small French town and customers had been coming and going to the … Continue reading

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HOW MONEY LAUNDERING WORKS.

The basic motivation behind most crime is to make money. If criminals want to use that money it needs to appear to have come from legitimate sources. This means they need to ‘clean’ or ‘launder’ it. There is no single … Continue reading

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AUSTRALIAN CRIME COMMISSION MONEY LAUNDERING

The Australian Crime Commission has today unveiled a year-long covert money laundering investigation codenamed Eligo following a record $5.7 million cash seizure in Sydney at the weekend (Saturday, 18 January 2014). The Eligo National Task Force, established in 2012 as … Continue reading

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CREDIT-CARD FACTORY UNCOVERED

Credit-card factory uncovered: police July 26, 2012 – 3:57PM Ilya Gridneff The Sydney Morning Herald Police have arrested and charged a Sydney man, alleging he operated a sophisticated credit-card and fake-identity factory worth an estimated $5 million in fraudulent transactions.  The … Continue reading

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