Business
Perth Mint holding $100m of gold for tax haven clients – The Australian Financial Review
Scandal-plagued Perth Mint failed to conduct ID checks on clients of a bank now under investigation in five countries.
The Age and The Sydney Morning Herald reported Euro Pacific was considered a “top tier” organised crime threat to Australia and said around 100 locals were suspected of using the bank to evade tax. They face jail terms if convicted.
The Financial Review has previously reported the Mint’s links with Euro Pacific and concerns about major gaps in its anti-money laundering protections. The Mint also counts the Bank of Cyprus as a customer, despite the US State Department warning the island nation w…
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