With Westpac standing accused of 23 million breaches by Australia’s money laundering watchdog, Hugh Honey has offered his assistance to aide the banking giant in more secretive measures.
“It’s all about casinos, drugs and terrible investments,” said Honey.
“Trying to hide it within internal transactions is too obvious. They key to is log dodgy transactions as big losses which result in small gains.
“Just go to the casino with $100,000 in dirty money and walk out with $20,000 in clean money.”
Amid the raft of allegations against Westpac are a series of low-value transactions to the Philippines and South East Asia which have an associated “heightened risk of child exploitation” Honey had hindsight suggestions for.
“Buying individual kids just screams trafficking. Buyers should buy in dozens.”
Adelaide-based metal printing group books record $12.5 million revenue and a record $78 million sales…
Harris Technology has found a higher-margin growth engine in an unlikely place: the market for…
Imagion Biosystems (ASX: IBX) is moving its MagSense® HER2 Imaging Agent Phase 1b/2 clinical trial…
Acrux (ASX:ACR) is set to bring its transdermal Estradiol spray Lenzetto® to the Australian market…
The race to secure Western-aligned critical minerals supply chains is accelerating as governments and industry…
Green360 Technologies (ASX:GT3) has taken a major step forward in the commercialisation of its low-carbon…