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ANZ, Citigroup & Deutsche Bank expected to face criminal cartel charges

The Australian Competition & Consumer Commission (ACCC) has confirmed that criminal cartel charges are expected to be laid by the Commonwealth Director of Public Prosecutions (CDPP) against ANZ, ANZ Group Treasurer Rick Moscati, Citigroup Global Markets Australia, Deutsche Bank AG and a number of other individuals. “The charges will involve alleged cartel

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Business losses to scams up 23%

Scammers swindled nearly $4.7 million from Australian businesses in 2017 according to the ACCC’s latest targeting scams report – a 23 per cent increase compared to 2016. The ACCC’s Scamwatch service received 5432 reports from businesses about scams in 2017. Businesses that fell victim to scammers lost an average of nearly $11,000. “Scammers don’t discriminate

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