Australian Securities and Investments Commission
All Information, Documents, Reports, Investigations, Correspondence Or Otherwise In Relation To Any Investigation, Scam, Report Relating To Or Involving The Following Bank Account Between 2021 –…
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All Information, Documents, Reports, Investigations, Correspondence Or Otherwise In Relation To Any Investigation, Scam, Report Relating To Or Involving The Following Bank Account Between 2021 – 2022 (inclusive): Sovereign Green Group Moneytech Payments (the Accounts) All Correspondence, Warnings Or Otherwise Provided To Any Of The Following Financial Institutions In Relation To The Accounts: Deutsche Bank; Suncorp Bank; ANZ Bank; Bendigo Bank; Monoova Payments Pty Ltd (formerly Moneytech Payments Pty Ltd); And Wise Australia Pty Ltd And/or All Financial Institutions And Banks Involved In This Matter.
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ASIC disclosed correspondence from May-July 2022 regarding investigations into bank accounts used to receive scam funds. The documents show ASIC coordinated with the Australian Financial Crimes Exchange (AFCX) to alert financial institutions about suspicious accounts. Two accounts were flagged: one held by Sovereign Green Group (processing funds through Deutsche Bank, ANZ, Bendigo Bank, Suncorp, and payment processors Monoova and Wise Australia), and another under Clark Asia Group Limited (registered in Philippines, based in Malaysia, active February-June 2022). ASIC shared account details with AFCX members for distribution to banks to prevent further scam fund transfers. No enforcement actions, penalties, or investigation outcomes are disclosed in these excerpt documents.
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