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Mining bitcoin could be about to get a whole lot easier after China’s crypto crackdown.
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- AUSTRAC has widened its investigation into casino giant Crown Resorts after uncovering potential breaches of anti-money laundering laws at its Perth casino. The financial crimes watchdog has also flagged concerns at The Star and SkyCity.
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National Australia Bank (NAB) shares fall in response to money laundering probe.
Summary:
- NAB is being investigated by Austrac, the financial crimes regulator for suspected serious and ongoing breaches of anti-money laundering and counter-terrorism laws.
- The bank's shares slipped 2.8 per cent as of 11.50am in Sydney. NAB may not be able to reach its cost target of A$7.7 billion (S$7.89 billion) if it is forced to pay fines.
The stocks movement of the seven major companies in the week.
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