White-collar crime by banks in Australia is rife and going unchecked, inquiry told

A report to a Senate inquiry claims fraud in Australia's financial and lending sectors is allowed to happen by regulators and the major parties Systemic criminal activity in the finance, insurance and real estate sectors has placed the livelihoods of consumers at risk, while authorities are aware but do nothing to stop it, a report from financial thinktank, LF Economics, says. The 52-page report tabled to the Senate inquiry into white-collar crime details evidence of widespread fraud committed b...