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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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Subscribe to this list via RSS Blog posts tagged in Bank Fraud Scandals
Hockey to fight tax dodgers and organised criminals with new taskforce ABC News James Glenday5 hrs ago  "This type of crime (white collar crimes) poses a genuine threat to national security," Treasurer Joe Hockey said. The Abbott Government is setting up a new financial crime taskforce to tackle tax dodgers, fraudsters and organised criminals. The Serious Financial Crime Taskforce will build on the Project Wickenby tax avoidance investigation, which ends this year. But it will also have a broader goal of fighting other serious white collar crimes, like superannuation and investment fraud, and identity offences. "This type of crime poses a genuine threat to national security and to the integrity of Australia's economy, financial markets, regulatory frameworks and tax revenue collection", Treasurer Joe Hockey said in a statement. The taskforce will get $127.6 million over four years for investigations and prosecutions. Agencies like the Australian Tax Office (ATO), Australian Federal Police,...
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  • Wayne
    Wayne says #
    have a little laugh at this , Woman poo's on bank floor ..... http://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3
  • setup
    setup says #
    Does this include loan document falsification??
  • Duped
    Duped says #
    It's a real worry when ASIC is one of the departments put in charge of catching criminal banking behaviour. They have an appalling
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The Bankers are at the coalface of DEBENTURE PONZI SCAMS too.  Better have a look there - again!!!!!!!   Here is a TIP: The Banks' developer clients were building too many units and there was a BIG glut.  Banks had to teach brokers to become BIG TIME developers with aid of lawyer.   Most brokers never got passed the land bit and were left in bankruptcy after Bank Cartel seduced them with low cost loans that became HIGH COST death traps.  Sound familiar?  Even Al Capone had an attorney!  Bank had no liability they said (lies of course) and Peter you and your mates at ASIC sided with the Banking Cartel from 1998 onwards. But developers that rose to the occasions were greedy morons running PONZI's but then we had the DISTRESSED PROPERTY SYNDROME.  Bankers encouraged the use of their prized broker channel to target ARIPs (Pensioners) who had no financial experience, but YOU permitted Bankers and developer Ponzites to label them SOPHISTICATED and then you...
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  • kddeed
    kddeed says #
    Yep same story played over and over again. Wish to hell we'd never entered this banking and finance minefield!!!
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https://www.commbank.com.au/about-us/who-we-are/sustainability/sustainable-business-practices/managing-fraud.html   MANAGING FRAUD To achieve our vision, we are committed to working against financial crime, and have clear guidelines for all employees regarding their responsibilities and obligations with respect to the management and reporting of fraud. Our Fraud Policy Our Fraud Policy defines the Group's fraud control principles, mandatory requirements and accountabilities. It clearly articulates that the Group does not tolerate fraud and is committed to promoting and maintaining a sound ethical culture. All employees, temporary staff, contractors and service providers must ensure they are aware of their responsibilities and obligations with respect to the prevention, detection and reporting of fraud. This Policy is applicable to all businesses within the Group, including subsidiaries and joint ventures where the Group has a controlling interest. Monitoring compliance All business unit heads are required to identify and manage their fraud risks to protect the Group’s customers, assets and reputation. All employees, temporary staff,...
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http://www.skynews.com.au/business/business/property/2014/05/20/iceland-households-get-debt-leg-up.html   Iceland households get debt leg-up Published: 5:03 am, Tuesday, 20 May 2014   Iceland says it's successfully launched a debt cancellation project for mortgage holders which should benefit around half of the country's households.The amount cancelled from each debt could be as much as 26,000 euros ($A39,000).On Sunday, the island nation's tax authorities inaugurated the site 'leidretting.is', where Icelanders can file their application.   In the first two hours, 5000 people registered on the site, according to a technical manager cited by Icelandic daily Frettabladid.The Icelandic parliament passed a bill on Friday allowing borrowers to request a debt cancellation, entirely financed by the state.....  - See more at: http://www.skynews.com.au/business/business/property/2014/05/20/iceland-households-get-debt-leg-up.html#sthash.CDVX0dcN.dpuf   http://guardianlv.com/2013/12/icelanders-overthrow-government-and-rewrite-constitution-after-banking-fraud-no-word-from-us-media/   Icelanders Overthrow Government and Rewrite Constitution After Banking Fraud-No Word From US Media Added by Rebecca Savastio on December 2, 2013. Can you imagine participating in a protest outside the White House and forcing the entire U.S. government...
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