Latest news with #LiveEventsAustralia
Time of India
25-06-2025
- Business
- Time of India
Fraud victims among top crypto ATM users, Australian regulator says
Live Events Australia's financial crimes monitoring agency said on Wednesday that it has identified 90 scam victims, money mules and suspected offenders as the top crypto ATM users in the country, amid efforts to address crimes enabled by digital currency.A nationwide operation led by the Australian Transaction Reports and Analysis Centre (AUSTRAC) examined the most prolific crypto ATM users in each state, and based on the transaction values, identified cases likely linked to scams or fraud."We suspected that a large volume of crypto ATM transactions were probably illicit, but disturbingly, our law enforcement partners found that almost all of the transactions we referred involved victims rather than criminals," AUSTRAC CEO Brendan Thomas one instance, AUSTRAC identified a woman in her 70s who had deposited more than A$430,000 into crypto ATMs after falling victim to romance and investment scams Earlier this month, AUSTRAC had placed conditions and limits on crypto ATM providers after flagging compliance concerns, with the number of active machines exceeding 1, the Australian corporate regulator has been cracking down on cryptocurrency exchanges as well, with Binance and Blockchain Global coming under scrutiny.
Time of India
16-06-2025
- Business
- Time of India
Albanese gifts Gallipoli poster to Canada's Carney as they meet on the sidelines of G7 summit; here is a list of gifts exchanged
The gift exchanged between the two leaders Live Events Australia's role in the G7 summit (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Australian Prime Minister Anthony Albanese and Canada's Prime Minister Mark Carney met in Calgary on the sidelines of the G7 summit, which is set to take place in Alberta, Canada, from 15-17 June, setting aside protocol to highlight shared values and warmth between the two countries and their a handshake atop his slate-blue RAAF jet, PM Albanese was greeted by Alberta Premier Danielle Smith, Calgary Mayor Jyoti Gondek, and Emergency Management Minister Eleanor Olszewski, everyone expressing gratitude for Australia's recent deployment of 96 firefighters to assist with Canada's raging Northern Prairies presented an iconic Stetson cowboy hat to Albanese, who replied in kind by gifting a traditional Australian Akubra. Albanese also shared a framed poster from the Australian classic Gallipoli, and Carney gifted a cold‑cast bronze bear sculpture by Roy Hinz, on behalf of Canada's rugged landscapes.'You always do, and Australia always does step up,' Carney said, personally thanking Albanese for the firefighters' efforts. Albanese, in return, said, 'You can always rely upon Australia. I know our firefighters are really proud.'The pair celebrated Canada's decision to acquire Australia's Jindalee Operational Radar Network (JORN) valued at $6.5 billion to boost Arctic also explored expanding ties on critical minerals essential to clean‑energy supply chains. Carney noted that Australia 'had a lot to contribute to the G7' in this not a G7 member, Australia received a gracious invitation to the summit. Albanese expressed thanks and underscored the urgency of global cooperation, 'climate‑change response, defense, prosperity,' he told the coming days, he will meet leaders from South Korea, France, Germany, Japan, the UK, the EU, and the US, culminating in his first in‑person meeting with US President Donald Trump Albanese plans to advocate for Australia on steel and aluminium tariffs imposed by US President Donald Trump and underline the strategic value of AUKUS, the trilateral security pact with the US and UK.
