ABN Lookup Removing Trading Names: A Risk for Abuse

🚨 Removing Trading Names from ABN Lookup: A Green Light for Financial Abuse 🚨 Australia’s ABN Lookup is removing trading names on 31 October 2025 — and the implications are serious. Trading names have been one of the few tools allowing consumers, business partners, and advocates to see who they are really dealing with. Their removal makes it easier for fraudsters, phoenix companies, and financial abusers to hide, putting vulnerable people, especially women experiencing economic or family violence, at even greater risk. This isn’t just a data issue — it’s a public safety issue. Without these names, victims have fewer ways to trace abusive patterns, hold corporations accountable, or protect themselves. In short, it’s a green light for abuse to skyrocket without consequences. Examples like FML, and Compare Club show how complex ownership structures already hide wrongdoing. Removing trading names only compounds the problem. It’s time regulators acted: 🔹 @ASIC 🔹 @AFCA 🔹 @Australian Business Register (ABR) We also need journalists, consumer advocates, and women’s rights organizations to pay attention: 🔹 @Consumer Action Law Centre 🔹 @Adele Ferguson 🔹 @Guardian Australia (Business/Finance) Hashtags: #Transparency #FinancialAbuse #EconomicAbuse #CorporateAccountability #ConsumerRights #PublicInterest #WomensSafety #FamilyViolence #PhoenixActivity #InvestigativeJournalism #ABR #ASIC #AFCA #Fintech

What happens when a bank employee accepts a known forged land title? Nothing. That’s the problem. When internal fraud or document tampering occurs, banks close ranks — and senior executives cover it up instead of cleaning it up. This silence enables financial abuse, property theft, and the destruction of lives while digital systems like #PEXA make it easier to hide the evidence. It’s time for regulators, journalists, and Parliament to demand answers. #CBA #PEXA #Transparency #CorporateAccountability #FinancialAbuse #WomenInFinance #BankingReform #ASIC #AFCA #ATO #ABR #Treasury #ConsumerRights #PublicInterest #InvestigativeJournalism #PhoenixActivity #DataIntegrity #SystemicFailure #JoeAston #AdeleFerguson #ABC730 #FourCorners #GuardianAustralia #ChoiceAustralia #ConsumerActionLawCentre #JoeAston

As someone passionate about fighting financial crime, I’m proud to share BioCatch’s first global report on money laundering and money mule networks. The findings are eye-opening and critical for tackling this issue head-on. Read the full report here: https://okt.to/zrAlBv #FinancialCrime #FraudPrevention #BankingIndustry

Money laundering is not a victimless crime. Financial crime fuels serious harm, from cybercrime to human trafficking. Businesses are on the front line of helping to detect this behaviour. This is why we’re expanding our regulation to include more at-risk industries, from real estate to legal professionals and more. Bringing us in line with international standards, this allows us to have greater visibility to weaker points in our system earlier and faster. Understand the harm money laundering poses to your business and community and help us close the gaps in our financial system. Visit our reforms hub: https://lnkd.in/dKEg7Bsc #StrongerSafeguards #StrongerCommunities

AUSTRAC’s post highlights the very real human cost of financial crime — something I spoke about last week in relation to #modernslavery and #scams centres. These aren’t abstract compliance issues; they’re lived realities of exploitation, suffering, and stolen futures. We need to keep shining a BRIGHT light on the cause, not just the effect. #FinancialCrime #HumanCost #AMLCompliance #Tranche2 #ModernSlavery #FraudPrevention

Money laundering isn’t victimless. It fuels crimes that harm real people. New reforms will bring more industries under regulation, helping close gaps in our system faster. Learn what this means for your business and community: https://lnkd.in/dKEg7Bsc

FinCEN Issues Advisory on Chinese Money Laundering Networks TitleNews Online The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory about Chinese money laundering networks (CMLNs), which pose a significant threat to the U.S. financial system. The analysis included a section about CMLNs potentially facilitating real estate purchases funded by illicit proceeds. 

Regarding the importance of information sharing in the fight against drug trafficking and cartels, Nicholas Schumann of HSBC noted, “I think we're in a place today that's very different from 10, 15, 20 years ago. There's more private to private and public-private information sharing taking place today than ever before. It's very dynamic. It's very proactive. And it's absolutely essential to helping financial institutions gain the context that they need to better understand the data [and] to better understand the transactions that are going through their institution.”

UBS AG has reached a final resolution in a criminal case in France, concerning illegal financial solicitation and laundering of tax fraud related to its cross-border activities between 2004 and 2012. This decision concludes 14 years of legal proceedings. The advising team was led by partners Denis Chemla, Hippolyte Marquetty and Paul Fortin, supported by associates Vincent Nedelec and Pedro-Alejandro Hejoaka. Read more here: https://lnkd.in/e_ZxK7Hy #AOShearman #WhiteCollarCrime

🌍🔹 𝐃𝐚𝐲 𝟑 | 𝐓𝐡𝐞 𝐓𝐡𝐫𝐞𝐞 𝐒𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐌𝐨𝐧𝐞𝐲 𝐋𝐚𝐮𝐧𝐝𝐞𝐫𝐢𝐧𝐠 💸 Money laundering is not just a financial crime it’s a global threat that fuels corruption, terrorism, and organized crime. To effectively combat it, we must understand its three key stages: 🔹 Placement - Introducing illegal funds into the financial system (e.g., cash deposits, buying assets). 🔹 Layering - Moving the money through complex transactions to obscure its origin (e.g., multiple transfers, offshore accounts). 🔹 Integration - Reintroducing “cleaned” money back into the economy as legitimate funds (e.g., investments, businesses). 👉 By recognizing these stages, financial institutions, regulators, and professionals like us can detect red flags earlier and disrupt criminal networks. 💡 Awareness is the first step in the fight against financial crime. #AML #Compliance #FinancialCrime #RiskManagement #AntiMoneyLaundering