Category: Information
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Scam Centres, Crypto Fraud and Money Laundering: Inside the Financial Crime Supply Chain
TL;DR A recent international takedown led to at least 276 arrests and the dismantling of at least nine scam centres used in cryptocurrency investment fraud schemes. The case matters because it shows that scam centres are not just rooms full of scammers. They are organised financial crime supply chains linking victim grooming, fake investment platforms, Read more
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If It Can Get a Home Loan, It Can Pass Your CDD — AI Document Fraud & AML Risk
Commonwealth Bank invested $900 million in fraud protections last financial year. It still ended up with a suspected $1 billion problem in its loan book. The bank self-referred to police and ASIC after uncovering potentially doctored home loan applications — including documents generated by artificial intelligence. It followed an earlier alleged fraud at NAB, and Read more
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31 March 2026: What’s Transitional, What’s Not, and Why the Distinction Will Catch People Out
The three-year grace period for initial CDD made headlines across the Australian compliance community. What didn’t make headlines is everything that has no grace period at all. On 31 March 2026 — now just weeks away — Australia’s reformed AML/CTF Act takes effect for existing reporting entities. The transitional rules announced by AUSTRAC and the Read more
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Bendigo Bank’s $50M Capital Add-On: Analyzing the APRA & AUSTRAC Joint Enforcement
By Viktor Ha | February 2026 | AML-CAMS Blog When APRA and AUSTRAC jointly announced enforcement action against Bendigo and Adelaide Bank on 17 December 2025, the headline number was AUD 50 million — an operational risk capital add-on that landed effective 1 January 2026. But the number is not the story. The story is Read more
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The “Tranche 2” Revolution: Why Real Estate Agents and Lawyers Are the New Front Line in AML
For nearly two decades, the Australian anti-money laundering landscape has been dominated by one group: the banks. If you worked in a financial institution, you lived and breathed the AML/CTF Act 2006. If you were a lawyer, accountant, or real estate agent, you were largely on the outside looking in. That era is over. Come Read more
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The Glittering World of High-Value Dealers: Why AML Matters More Than Ever
Step into a bustling jewelry store, a shimmering art gallery, or a gold dealer’s office. The air is thick with anticipation, and the merchandise on display is worth more than most people’s homes. But beneath the sparkle and allure, there’s a shadowy side to this world—one that’s become a playground for criminals looking to turn Read more
