Sovereign citizens in Australia, a fringe group known for their rejection of government authority and laws, have caused significant disruption and legal challenges. These individuals often refuse to recognize the legitimacy of the Australian government and its institutions, including banks. They believe they are exempt from taxes, licenses, and other legal obligations, leading to confrontations with authorities. Some sovereign citizens have attempted to use fraudulent financial instruments or "banking" practices to access funds or pay debts, which has led to legal action and financial losses. The Australian government and law enforcement agencies have taken steps to address this issue, including educating the public about the risks associated with sovereign citizen beliefs and taking legal action against individuals engaging in fraudulent activities.
To know more : www.smh.com.au/business/banking-and-finance/the-australian-banks-of-sovereign-citizens-and-the-havoc-they-wreak-20240223-p5f7ec.html
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