Business
AUSTRAC warning: NDIS funds spent on crypto, gambling, luxury goods – The Australian Financial Review
Banks were told to be proactive and report customers taking NDIS payments and making suspicious transactions.
The warning signs have been published in a financial crime guide produced in partnership with the National Disability Insurance Agency and a public-private partnership known as Fintel Alliance, which is headed by AUSTRAC and includes dozens of banks, regulators and law enforcement agencies.
In a sanitised case study, a registered NDIS provider opened 10 accounts with multiple banks over a three-month period with the same signatory. Shortly after being opened the accounts began to receive a high…
-
Noosa News23 hours agoFamily of slain mum seek urgent entry to Australia to care for her sons
-
Noosa News24 hours agoCairns shop attendant’s alleged bid to lock in cops and health inspectors backfires
-
Noosa News21 hours agoWill the LNP’s new scheme help me become a first-home buyer?
-
Noosa News11 hours agoUniversity of Queensland researchers survey population of endangered White’s Seahorse