Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Asia-Pacific, Banking, Crypto, Financial Services

Australian investment and crypto fraud scheme sees millions vanish from the pockets of small investors, investigation finds

Millions of dollars are estimated to have “disappeared” in a network of cryptocurrency scams that saw victims lured into false investments.

The scheme involved British financial criminals operating in Australia, taking advantage of the country’s comparatively weaker rules around crypto and search engine manipulation, the Australian Financial Review (AFR) reported Friday.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!