Category: Regions

Regulatory Watch News

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  Publication of the Mutual Evaluation Report for Nauru

  APG

  November 25, 2024

  The 3rd Round APG Mutual Evaluation Report for Nauru was adopted by the APG membership in September 2024.  The MER provides a snapshot of Nauru's system as at the date of the date of the onsite visit in October 2023.  After completing the post adoption review process, the APG is pleased to be able to present the final Nauru MER.  The report is available for download via the Documents section of this website, under Members and Observers and under Mutual Evaluation Reports - 3rd Round.

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  AFP confiscates almost $680,000 cash in WA linked to suspected tax fraud

  Australia Federal Police

  November 25, 2024

  Editor’s note: Audio grabs from AFP Detective acting Inspector Fleur Jennings and images of the seized cash are available via Hightail. The AFP-led Criminal Assets Confiscation Taskforce (CACT) has secured the forfeiture of $679,750 in cash seized from a Geraldton farmer at Perth Airport in 2021. The CACT launched an investigation after an AFP canine at Perth Airport detected the large amount of cash in two backpacks belonging to a man, now 52.

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  Co-Founders of Paycheck Protection Program Lender Service Provider Charged for COVID-19 Relief Fraud Scheme

  US Department of Justice

  November 22, 2024

  An indictment was unsealed yesterday in the Northern District of Texas charging two co-founders of Blueacorn, a lender service provider, in connection with a scheme to fraudulently obtain COVID-19 relief money guaranteed by the U.S. Small Business Administration (SBA) through the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.