The New US De Minimis Rule Explained The US “de minimis” rule has now been suspended. This rule previously allowed goods under $800 to enter duty-free. From August 29, this exemption no longer applies. All parcels now face a tariff upon entry. This change is a major shift in trade policy. It targets all commercial…
The Rising Popularity of Bitcoin and Cryptocurrency The popularity of Bitcoin and other cryptocurrencies is rapidly increasing, not just globally but specifically in Australia. A recent survey from the online trading platform Independent Reserve reveals that 6.5 million Australians have now invested in digital currencies. A particularly notable trend is the growth of older Australians…
Unmasking a Massive Crypto Fraud Australian authorities have successfully dismantled a sophisticated crypto crime organization, uncovering an alleged scheme that laundered a staggering $123 million. This significant discovery is the culmination of an intensive 18-month investigation, initiated in December 2023, which saw various agencies including the Australian Federal Police, Queensland Police Service, and Australian Criminal…
Adviser Faces Decade-Long Ban for Alleged Deception Australia’s top financial regulator has handed down a decade-long ban to a financial adviser accused of channeling millions in client funds into a suspicious crypto platform. The Australian Securities and Investments Commission (ASIC) announced the ban on June 6, citing serious misconduct by Glenda Maree Rogan, a former…
A massive Australian money laundering network that allegedly funnelled AUD$190 million in criminal proceeds through cryptocurrency and luxury assets has been dismantled by the Australian Federal Police (AFP) in a sweeping, multi-agency crackdown. Four individuals have been charged following an 18-month investigation into a Gold Coast-based security company that authorities say was at the heart…
A leading cryptocurrency exchange, Kraken, has recently unveiled a new, fully licensed brokerage service in Australia. This new service is marketed towards wholesale clients in Kraken’s Australian clientele. It is aimed at sophisticated institutional and retail investors at the forefront of crypto trading who require higher-level access within the crypto derivatives marketplace. By obtaining the…
Australian Fighter and College Teacher Charged as Mercenary While Captured Fighting in Russia A 33-year-old teacher named Oscar Jenkins is facing formal charges from Russian authorities on a five-year imprisonment sentence for war crimes after being captured while engaged in fighting for the republican side of the war in the Ukraine-Russia conflict. Counterstrike Broncos Balasik.…
Spotify has announced a new initiative to promote Australian music. The campaign, dubbed ‘Turn Up AUS,’ comprises an editorial center and playlists on the music streaming platform, the active hosting of both live events, and educational initiatives for the industry. A Comprehensive Approach: Posts, Events, and Lectures In a statement with The Music, Mikaela Lancaster,…
The country’s renewable energy framework is about to receive a remarkable enhancement as Flow Power partners with Canadian Solar Inc. to execute Australia’s first-ever solar project that will utilize Canadian Solar’s hail-proof solar modules. This partnership is not only important for the advancement of solar infrastructure protection from extreme weather but is also pivotal towards…
The Australian Federal Police (AFP) has charged a 51-year-old man from Ballarat, Victoria, for allegedly threatening the life of a federal politician. This development has raised additional concerns regarding the perilous climate surrounding public figures in Australia. It comes at a time when there is said to be an increase in threats and harassment against…
