Briefs: Hockey launches financial crime taskforce, Digital CC tests P2P remittance service

Banking Day staff
  • Treasurer Joe Hockey has announced the formation of a taskforce to fight financial crime. The Government is providing A$127.6 million of funding to set up The Serious Financial Crime Taskforce, which will coordinate investigations into superannuation and investment fraud, identity crime and tax evasion.
  • Digital payments company Digital CC plans to enter the remittance market with a service based on the same distributed ledger technology used for Bitcoin. Digital CC said it was beta testing an application called AirPocket, which it claims will turn remittance into a peer-to-peer market. Transactions would be handled by "AirAgents".