July 26, 2025

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Crypto

Anti-money laundering crackdown: Cryptocurrency ATMs used to ‘launder cash from drug sales’ to be banned

  • July 8, 2025

“Criminals can use these ATMs to purchase cryptocurrency and transfer that cryptocurrency within minutes to offshore criminals to fund drug imports or to make payments associated with scams.” The independent advisory group noted these ATMs were made illegal in the United Kingdom in 2022 and recommended virtual current ATMs be banned “as a critical step

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Banking

Banking Ombudsman launches investigation after ANZ helped customer send $250k to scammers

  • March 27, 2025

The victim’s total losses were $550,000 – over the Banking Ombudsman Scheme’s financial threshold. However, ANZ has agreed to waive the limit to enable the investigation to proceed – despite refusing to do so in another $1 million fraud case. The ombudsman’s probe follows a Herald investigation into the case, in which Kate lost her

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