Australian Transaction Reports and Analysis Centre

What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.

Australia’s biggest banks have quietly been restricting access to referrer programs and investing in fraud detection as risks rise.

The financial crimes regulator has issued a fresh warning to banks, as loan referral programs face fresh scrutiny in the wake of an apparent outbreak in fraud.

Australia’s biggest bank self-reported loans it suspected were fraudulent to the police. Now the feared financial crimes regulator is on the case.

Banks closed 16,000 mule accounts last year, and Airwallex is caught in the controversy. So who is behind the scams on Facebook — and why can’t they be stopped?

The Department of Home Affairs has quietly approved a multi-year grace period for tougher reporting obligations, amid “implementation issues” raised by industry.

They offer subtly different products and target different customers, but payments fintechs like Airwallex, Wise, Revolut and YouTrip are threatening bank dominance and rapidly reshaping global finance.

Leaked emails viewed by Capital Brief reveal concerns job cuts could see ANZ breach its obligations with three regulators — and a threat to escalate these concerns to the board.

New anti-money laundering and counter-terrorism financing laws aim to tighten Australia’s financial crime controls — creating fresh opportunities for law firms and consultancies.