AUSTRALIAN ASSOCIATED PRESS – Aug 11 – Following reports that 43 Australians have lost more than $100,000 each this year, with some victims sending more than $1m overseas over several years, the Australian Competition and Consumer Commission (ACCC) is joining forces with government anti-money laundering agents to implement an alert system for suspicious cross-border money transfers. Upon receiving an alert from the Australian transactions reports and analysis centre, the ACCC will contact suspected victims with warnings to stop sending money.
