Australia

Tax-News.com: Australia Carries Out Panama Papers Tax Investigations

In response to analysis of data leaked as part of the Panama Papers, Australia's Serious Financial Crime Taskforce (SFCT) has carried out a "week of action" against those suspected of Tax Evasion.

08/09/16

Corruption Problem:

Tax Evasion

Money Laundering

Sector:

Private Sector

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Australian AI spots dodgy deals that look like money laundering

WHEN it comes to following the money, the authorities have their work cut out. Every year, criminals are thought to launder more than $1.5 trillion worldwide. Which is why Australia's financial intelligence agency is turning to AI for help. In Australia, the scale of the problem could amount to some US$4.5 billion annually.

19/08/16

Corruption Problem:

Fraud

Money Laundering

Sector:

Education

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Tax-News.com: ATO Warns Taxpayers To Be Vigilant Against ID Theft

The Australian Taxation Office (ATO) has warned that identity theft is more common during "tax time" because of the large number of people lodging tax returns.

20/07/16

Corruption Problem:

Tax Fraud

Sector:

Banking and Finance

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Tennis match-fixing allegations were ignored, claims BBC probe

Tennis chiefs have been accused of failing to heed warnings of widespread match-fixing at the top level of the game, according to an investigation carried out by The BBC and BuzzFeed.

18/01/16

Corruption Problem:

Collusion/ Cartel /Price Fixing

Sector:

Sport

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Australia sues Volkswagen unit over alleged emissions fraud

Australia is suing the local arm of Volkswagen for allegedly misleading customers by selling modified vehicles that covered up emissions fraud.

01/09/16

Corruption Problem:

Fraud

Sector:

Private Sector

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Volkswagen emissions scandal

In fall 2015 it was uncovered that Volkswagen used an illegal defeat device in the motor control of their diesel vehicles to avoid the US emission standards. According to Volkswagen AG this software is in use in eleven million vehicles worldwide.

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Panama Papers: global tax officials to launch unprecedented inquiry

Tax investigators from 28 countries to meet in Paris to launch international inquiry following the Panama Papers leak

12/04/16

Corruption Problem:

Facilitating Tax Evasion

Sector:

Private Sector

Tax Authority

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Labour demands tax haven inquiry

British Labour Party to demand an independent inquiry into Britons linked to tax haven allegations

05/04/16

Corruption Problem:

Facilitating Tax Evasion

Money Laundering

Sector:

Private Sector

Executive/Government

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Panama Papers

The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.

Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking.

Corruption Problem:

Facilitating Tax Evasion