posted by Christopher W. Holton “AUSTRAC, Australia’s anti money-laundering (“AML”) and terrorism-financing regulator, filed a civil action in Australian court alleging over 23 million breaches of Australian AML/counter-terrorism financing legislation by Westpac, including a failure to report more than 19.5 million international fund transfers, failure to perform enhanced due diligence on correspondent banks in high-risk […]
Australia and Indonesia will host a summit of 15 Asian-Pacific nations in November to discuss combatting the flow of terrorism funding, in the first gathering of its kind. Australia and Indonesia’s financial intelligence units, AUSTRAC and the Financial Transaction Reports and Analysis Center (PPATK), will co-host the event, to be held in Sydney. Indonesian terrorism experts have warned […]
7News in Australia has published a report on a topic that is very familiar to readers of SFW: the terror ties of Islamic charities: 7News can reveal some of our charity donations are ending up in the hands of terror organisations like Islamic State. They are large sums, according to Government agencies, who are warning […]
Australian Money Transfer Firm Shut Down Amid Suspicions of Terror Financing
On September 30, 2014 · In Australia, Jihadist Groups/Individuals, Lebanon, Money Laundering, Syria, Terror Funding, Turkey
An Australian money transfer business owned by the sister and brother-in-law of a convicted Sydney terrorist named Khaled Sharrouf has been shut down amid concerns it was sending millions of dollars to the Middle East to finance terrorism. Damour Sharrouf and her husband Ahmed Alwash have had their Lakemba firm Bisotel Rieh Pty Ltd suspended after the […]
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