The Sydney Morning Herald logo

AUSTRAC

Advertisement
Airwallex was on a path towards a multibillion-dollar public listing. That has become much more complex.

This Australian start-up moves $1bn daily. Authorities fear it is being used by child predators

Airwallex is a major bet for the nation’s biggest technology investors, but its path to the public markets has been beset by controversy.

  • John Buckley and Nick Bonyhady

Latest

Airwallex chief executive Jack Zhang.

‘Suspect serious non-compliance’: Airwallex hit with money laundering audit

The $12 billion Australian start-up is facing a probe from Australia’s anti-money laundering and terrorism financing watchdog.

  • John Buckley
One of the 10 suspicious customers identified by AUSTRAC allegedly visited the club almost daily and habitually inserted large amounts of cash into the pokies without playing.

‘Prime targets’: The punters ‘washing’ tens of millions and the bosses in the firing line

A mega-club has admitted in court documents that it allowed suspicious customers to continue to play after flagging them with the financial crimes watchdog.

  • Harriet Alexander
Timotius Donny Sungkar and his watch collection.

Luxury watches and jewellery: The extravagant life of an alleged NAB fraudster

NAB employee Timotius Donny Sungkar has been charged over his role in the Penthouse syndicate’s alleged $150m bank fraud.

  • Riley Walter
Penthouse syndicate

How the Penthouse Syndicate allegedly took one of Australia’s biggest banks for $150m

A spectacular arrest at one of Sydney’s most glamorous addresses has exposed what is allegedly one of the largest fraud and money-laundering syndicates in Australian history.

  • Riley Walter
Detective Inspector Graham Banks.

Two arrests, millions seized: How the tobacco wars played out in a Melbourne takeaway shop

Police say a tip-off about cash drops at a Somerton shop uncovered an $83 million money laundering operation with links to tobacco kingpin Kaz Hamad.

  • Cassandra Morgan
Advertisement
Mounties faces a multimillion penalty if the money laundering allegations are proven.

Ten suspicious gamblers punted $140m at a Sydney club. No one allegedly noticed

Mounties’ customers wagered $4 billion over a four-year period. But at least $140 million of those bets were placed by customers who should have been flagged as suspicious.

  • Harriet Alexander
AUSTRAC identified specific instances where Mounties allegedly failed to monitor individuals that presented a money laundering risk.

How Sydney’s dirty money moved from casinos into suburban clubs

The chief executive of AUSTRAC is concerned that the crackdown on casinos has displaced illicit activity into pubs and clubs.

  • Harriet Alexander and Max Maddison
Cocaine usage in Australia

What happens to house prices when the drug money tap is turned off?

Real estate valuations could take a significant hit as Australia prepares to stem the tens of billions of dollars being laundered through our housing sector.

  • Colin Kruger
Crypto ATMs are becoming a trap for older Australians targeted by scammers.

Depositors beware: Crypto ATMs are the newest way to scam you

Cryptocurrency ATMs are popping up like mushrooms, with more than 1800 operating across the country now – and organised crime has caught on to it.

  • Elizabeth Knight