A Federal Court judge has signed off on a $700 million settlement between AUSTRAC and Commonwealth Bank of Australia for violating anti-money laundering and counter-terrorism financing laws, saying the penalty showed the court’s “strong disapproval” of the bank’s actions.
The Australian Government has revealed its “knockout claim” in an international IP dispute, accusing the Royal Canadian Mint of invalidating its own patent for printed coins by distributing the coins prior to the patent being filed.
Pokies giants Ainsworth Game Technology and Aristocrat Technologies have settled their spat over access to documents ahead of a hearing to decide if Aristocrat can gather evidence for a possible case alleging its rival stole an idea for a new poker machine.