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Officials and practitioners from the public and private sectors from seven Pacific islands countries, Cook Islands, Fiji, Nauru, Samoa, Solomon Islands, Tonga and Vanuatu, engaged in holistic policy and practical discussion, aiming to contribute to combating corruption, stemming illicit financial flows and preventing tax evasion.
Australia’s financial intelligence agency warns that Russian paramilitary groups are soliciting crypto via social media to buy weapons for Ukraine conflict
Amid the Russia-Ukraine conflict, the Russian paramilitary forces are summoning cryptocurrency donations to buy weaponry, armour, and drones warned Australian intelligence agency Austrac. Officials at the Australian Transaction Reports and Analysis Centre referred to cryptocurrency as a 'standard part of money laundering tool kit.' John Moss, the agency's head executive and head of intelligence, claimed that cryptocurrency has become mainstream, The Guardian reported. "It is no more a niche option for criminal activity," he said.
The Australian Federal Police-led Criminal Assets Confiscation Taskforce (CACT) has secured the forfeiture of $2,745,000 in illicit cash and three luxury cars after three separate investigations in Western Australia.
$2.75 million in illicit cash and three luxury cars have been confiscated after three separate investigations in Western Australia.