Australia a ‘place of choice’ for money laundering due to lack of regulation: ANZ

ANZ Bank says a lack of political will has seen successive Australian governments fail to extend money laundering laws to cover lawyers, real estate agents and accountants. Australia’s hot property market is an attractive haven for criminals, with estimates that billions of dollars of dirty money is being laundered through residential property. Australia’s anti-money laundering...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/4772/

Australia’s Commonwealth Bank Accused of Massive Money-Laundering Breaches

SYDNEY — The Australian government on Thursday accused the country’s biggest mortgage lender, Commonwealth Bank of Australia, of widespread breaches of money-laundering and counter-terrorism financing rules. Financial intelligence agency AUSTRAC said it had initiated civil penalty proceedings in the Federal Court against CommBank for “serious and systemic non-compliance,” in the biggest case of its kind...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/australias-commonwealth-bank-accused-massive-money-laundering-breaches/

Australia Takes Aim at Cryptocurrencies With New Money Laundering Bill

Australia is moving to introduce a new bill that would extend the country’s anti-money laundering (AML) rules to cover domestic cryptocurrency exchanges. In a statement this morning, the Ministry of Justice announced that the legislation would seek to bring exchanges within the jurisdiction of the Transaction Reports and Analysis Centre (AUSTRAC), the country’s chief financial intelligence office.   The effort dates back to...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/australia-takes-aim-cryptocurrencies-new-money-laundering-bill/

Urban Exploration Photographer Finds a Stash of Cash in an Abandoned House

What would you do if you came across a fat stack of cash while doing urban exploration photography? That’s what happened to Dave of Freaktography last year. On one afternoon in January 2014, Dave got off work early and decided to pay a visit to a badly decaying abandoned house that he had heard about from a...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/photographer-finds-stash-cash-abandoned-house/

Victorian Government has $100m in unclaimed cash

DREAMING of a lotto win worth up to $200,000? It might be easier to check if you’ve got money sitting in the State Revenue Office. An incredible 800,000 Victorians have cash windfalls waiting to be collected, including a Mont Albert woman who has almost $200,000 unclaimed. In total, more than $100 million in unclaimed cash...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/victorian-government-has-100m-in-unclaimed-cash/

Finding Money in Graves.; DELVING AMONG DEAD MEN’S BONES.

From the St. Louis Democrat. For several days past workmen have been engaged in removing the bones from the old city graveyard, and transferring them to their new resting-place. The cemetery is about seventeen acres in extent, and is well filled with graves. The removal of these remains is a laborious task, and will require...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/finding-money-graves-delving-among-dead-mens-bones/

The Six Financial Mistakes Couples Make

  If you and your partner are like most couples, chances are, you fight about money. Numerous studies have shown that money is the No. 1 reason why couples argue — and many of the recently divorced say those battles were the main reason why they untied the knot. While anyone will tell you that...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/six-financial-mistakes-couples-make/

Victorian Government has $100m in unclaimed cash

DREAMING of a lotto win worth up to $200,000?It might be easier to check if you’ve got money sitting in the State Revenue Office. An incredible 800,000 Victorians have cash windfalls waiting to be collected, including a Mont Albert woman who has almost $200,000 unclaimed. In total, more than $100 million in unclaimed cash is...

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from Unclaimed Money Australia https://unclaimedmoneyaustralia.com.au/uncategorized/victorian-government-100m-unclaimed-cash/