Australian Transaction Reports and Analysis Centre

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Westpac Banking Corporation Investors (WBK)

Retrieved on: 
Wednesday, January 29, 2020
Legal, Professional services, Government of Australia, Financial regulation, Money laundering, Tax evasion, Terrorism, Australian Transaction Reports and Analysis Centre, Westpac, Crime

The Law Offices of Frank R. Cruz announces an investigation on behalf of Westpac Banking Corporation (Westpac or the Company) (NYSE: WBK ) investors concerning the Company and its officers possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation on behalf of Westpac Banking Corporation (Westpac or the Company) (NYSE: WBK ) investors concerning the Company and its officers possible violations of federal securities laws.
  • On November 19, 2019, Westpac was charged by the Australian Transaction Reports and Analysis Centre (AUSTRAC) with over 23 million violations of the Anti-Money Laundering and Counter-Terrorism Financing Act (the AML-CTF Act).
  • On this news, the Companys share price fell $0.80, or over 4%, to close at $17.15 per share on November 20, 2019, thereby injuring investors.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Nauticus CEO says 'regulation is the only way to protect against scams'

Retrieved on: 
Tuesday, April 16, 2019
Technology, Software, Other Technology, Mobile, Wireless, Professional services, Banking, Finance, Marketing, Cryptocurrencies, Government of Australia, Fraud, Confidence tricks, Bitconnect, Blockchains, Pyramid scheme, Australian Transaction Reports and Analysis Centre, Nauticus, Charles Ponzi

"Poor regulation enables corruption to flourish," explains Nauticus CEO Bryan Ng.

Key Points: 
  • "Poor regulation enables corruption to flourish," explains Nauticus CEO Bryan Ng.
  • "We've seen pyramid and ponzi schemes like BitConnect - which promised interest of 1% a day - along with various ICO exit scams.
  • Nauticus is registered with the Australian Government's AUSTRAC as a Digital Currency Exchange and an Independent Remittance Dealer.
  • The Nauticus vision is to provide everyone, everywhere with low cost, borderless financial transactions.

Australian Fintech Nauticus Targets $25 Million in Equity Raise

Retrieved on: 
Monday, April 15, 2019
Government of Australia, Finance, Money, Financial markets, Australian Financial Services Licence, Financial technology, Australian Transaction Reports and Analysis Centre, Nauticus

MELBOURNE, Australia, April 14, 2019 /PRNewswire/ -- Melbourne fintech Nauticus Blockchain has targeted a $25 million equity raise to fulfill its vision for low cost, borderless financial transactions.

Key Points: 
  • MELBOURNE, Australia, April 14, 2019 /PRNewswire/ -- Melbourne fintech Nauticus Blockchain has targeted a $25 million equity raise to fulfill its vision for low cost, borderless financial transactions.
  • The funds raised will enable Nauticus to onboard 2.9 million users by 2022 and support an extensive cross-platform marketing spend, cross jurisdiction banking and financial licenses and to expand the team internationally.
  • Conservative discounted cash flow analysis values the business post raise at $74.2 million.
  • Nauticus is regulated by AUSTRAC and is an authorized representative of an AFSL licensee, enabling it to tokenize assets and company shares.

CoinZoom Subsidiary Officially Registered as a Digital Currency Exchange with AUSTRAC

Retrieved on: 
Monday, December 3, 2018
Economy, Money, Finance, Cryptocurrencies, Digital currency exchange, Alternative currencies, Financial cryptography, Cryptocurrency exchange, Digital currency, Foreign exchange market, Australian Transaction Reports and Analysis Centre, Kraken

SALT LAKE CITY, Dec. 3, 2018 /PRNewswire-PRWeb/ -- U.S.-based cryptocurrency exchange, CoinZoom, announced today that its wholly owned subsidiary, CoinZoom Australia, became officially registered as a Digital Currency Exchange with AUSTRAC.

Key Points: 
  • SALT LAKE CITY, Dec. 3, 2018 /PRNewswire-PRWeb/ -- U.S.-based cryptocurrency exchange, CoinZoom, announced today that its wholly owned subsidiary, CoinZoom Australia, became officially registered as a Digital Currency Exchange with AUSTRAC.
  • The Digital Currency Exchange registration allows the exchange to legally operate according to Australian law, and function as a cryptocurrency exchange that can accept and exchange fiat, digital assets, and any other cryptocurrency.
  • "Being fully registered with Australia's regulatory financial oversight body AUSTRAC to operate as a Digital Currency Exchange, is an important step in our goal to provide globally compliant digital currency trading for both institutional and retail traders," he added.
  • The team's decades of experience in financial technology security is equally important in safeguarding customer funds and customers digital currency positions.

PlayChip Digital Currency Exchange Approved

Retrieved on: 
Tuesday, September 18, 2018
Economy, Money, Cryptocurrencies, Alternative currencies, Finance, Payment systems, Bitcoin, Financial technology, Digital currency, Australian Transaction Reports and Analysis Centre, Wallet

The PlayChip Foundation Ltd has been registered as a Digital Currency Exchange Services Provider by Australian regulator AUSTRAC.

Key Points: 
  • The PlayChip Foundation Ltd has been registered as a Digital Currency Exchange Services Provider by Australian regulator AUSTRAC.
  • SYDNEY, Sept.18, 2018 /PRNewswire/ -- The PlayChip Foundation has been approved as the first digital currency exchange in Australia with its own native token.
  • Last week the PlayChip Foundation Ltd was registered to provide Digital Currency Exchange services by Australian regulatory body AUSTRAC.
  • The development of the exchange is intended to provide a simple and easy 'all-in-one' user experience to PlayChip holders and players, who will have the opportunity to link their credit card, bank account, and cryptocurrency wallets into one unified wallet and exchange.