The country’s biggest lenders and tax authorities are working on a register to record the names of mortgage brokers engaging in dodgy behaviour as the banking industry ramps up efforts to stamp out swelling levels of fraudulent home loan applications.
The Australian Financial Crimes Exchange, which co-ordinates intelligence and the investigation of financial crimes, is in the advanced stages of establishing the broker portal, said people with knowledge of the work who requested anonymity as they were not authorised to comment.
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