ANZ lack of due diligence and abandonment of ethical lending obligations in lending to controversial Cambodian sugar plantation that employs children

Beware of not completing proper due diligence and adhering to integrity commitments.....


ANZ is said to be financing a Cambodian sugar plantation, owned by Ly Yong Phat, one of Cambodia's richest men and a senator from its ruling political party. 


Audits apparently reveal that the plantation involves child labour, military-backed land grabs, forced evictions and food shortages thus not implementing the environmental, health and social management programs required by ANZ to meet its ethical lending obligations.

Read more: http://www.smh.com.au/national/anz-under-fire-for-loans-to-controversial-cambodian-sugar-plantation-20140122-3196z.html#ixzz2rAbCQKnb

We know to protect ourselves from Personal Identity Theft but what about Business Identity Theft?

Business identity theft can be described as the misappropriation of an organization's tax identification number or other sensitive information necessary to imitate the identity of the business for illicit purposes. Criminals obtain tax identification numbers through various means, such as searching for them online, examining filings with securities regulators, reviewing tax forms, phishing or social engineering.


This articles mention some US fraud schemes but it is not beyond imagination that the activity is global given that business data is easily available online in many databases.


For more read:http://www.acfe.com/fraud-examiner.aspx?id=4294981064 

Former Brisbane netball leader Deborah Morton jailed for fraud

A Brisbane netball association badly hit in the city's flood disaster suffered a double blow when its president stole more than $100,000 to feed a gambling addiction, a court has heard.

Read more: http://www.brisbanetimes.com.au/queensland/former-brisbane-netball-leader-deborah-morton--jailed-for-fraud-20131217-2zi40.html#ixzz2nnBkgTJh

Threat intelligence starts with the human element

It can be easy to forget that there are people behind just about everything that happens on the internet. However complicated a technology may be, it was engineered by people and is used by people too, and people are predictable.

Read more at http://www.scmagazine.com/threat-intelligence-starts-with-the-human-element/article/322589/

Regional Qld Health official Graem Kelly charged with fraud

Read more at:

http://www.abc.net.au/news/2013-11-18/regional-qld-health-official-charged-with-fraud/5098202

A Bank, A Broker, Loans and Forged Documents

Read more at:
http://www.brisbanetimes.com.au/national/cba-was-aware-of-fraud-allegations-20131102-2wtjw.html

Employee fraud in Australia: Meet the bank employees who stole $217 million over 13 years

They’ve worked in their jobs for more than 10 years, they’ve got a taste for luxury and more often than not they have a gambling addiction. Employers watch out – they could be stealing millions of dollars from your company (or clients).

For the Article:
http://www.smartcompany.com.au/legal/34468-employee-fraud-in-australia-meet-the-bank-employees-who-stole-217-million-over-13-years.html

For the Warfield Report from:
http://www.warfield.com.au/publications.html