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AUSTRAC finds criminals, terrorists using PayPal?

Frerk Malte-Feller, PayPal Australia's new CEO

Is PayPal being used by criminals and terrorists for money-laundering and illegal international funds transfers?   And is that why PayPal  has been busted for breaking Australia’s anti-money laundering laundering and terrorism financing laws?
Those were certainly the obvious questions following  this weeks shock announcement that the government’s  Australian Transaction Report and

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US ecommerce sales recover strongly.

Official US government statistics released this week show a strong recovery in online retail sales.
Quarterly US retail ecommerce sales were up 4.5% on the previous quarter, and up 1.8% on the same quarter last year.
Amounting to 3.7% of total retail sales, ecommerce sales were estimated at $US34 billion for the quarter.

The figures reflect the general US

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DHgate.com offers Australian business access to the Aladdins cave of Chinese manufacturing

Diane Wang, DHgate.com founder and CEO

China is renowned as the Aladdin’s cave of global manufacturing.  Literally hundreds of thousands of manufacturers produce and sell a vast range of items at very low prices.
If you can cope with the bureaucratic maze of international trade and the barriers of language, buying from Chinese suppliers can be

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Chinese B2B ecommerce grew 26% last year

The numbers are so big that they are staggering. And, at first blush, a little hard to believe. But China’s population is so large, and its growth so rapid that it is sensible to first, believe, and later ask questions.That’s our immediate reaction to the news that Chinese ecommerce

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20% of UK mobile users now surf the web by phone

UK online retail group – IMRG – is reporting that more than 20% of UK mobile internet users now use their phones to surf the web. Moreover the popularity of mobile based Internet is growing rapidly.
IMRG says Nielsens has a new study out suggesting that some 10.4million persons in the UK were mobile Internet users in

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