Operational Intelligence focus on the analysis and use of financial transaction report data to support the objectives of AUSTRAC's partner agencies.
Operational Intelligence consists of three units:
- Suspect Reports Analysis
- Monitoring and Analysis
- Tactical Analysis and Support.
Suspect Reports Analysis
The Suspect Reports Analysis unit is responsible for receiving, processing and assessing Suspect Transaction Reports (SUSTRs) reported by cash dealers (reporting entities) under the Financial Transaction Reports Act 1988 (FTR Act).
Each one of the approximately 25,000 SUSTR reports received each year is read and evaluated to determine if further action is warranted. This involves queries for additional financial transaction data, searches on other data sources and checks with partner agencies. SUSTRs are assessed and classified in terms of the suspected activity and data quality, and rated on the significance of the matter described.
If analysts determine that a SUSTR report may be of interest to one of AUSTRAC's partner agencies, the report may be referred to the agency for further enquiries. In addition, suspect reports are made available (with appropriate restrictions) to partner agency users via the AUSTRAC TES system.
Monitoring and Analysis
Monitoring and Analysis (M&A) is responsible for producing financial intelligence assessments on matters of potential interest to AUSTRAC's domestic and international partner agencies. The unit comprises a number of highly skilled analysts who are experts in interrogating the AUSTRAC database and preparing intelligence assessments detailing the financial behaviour of persons; highlighting suspicious and/or potential criminal activity.
Matters of interest are primarily identified from the output of the AUSTRAC automated monitoring system known as `TargIT'. This system automatically monitors the large volumes of financial transaction data for activity of potential interest. Additional matters of interest can also be identified via manual detection, a suspect report, or via a request from a partner agency for analysis on a specified suspect. Assessments disseminated to a partner agency may initiate an investigation, assist to further a current investigation or may be used for intelligence purposes only.
Since May 2006 Monitoring & Analysis has been responsible for facilitating the international exchange of financial intelligence. This enables information sharing with overseas financial intelligence units (FIUs) and law enforcement agencies. Exchange instruments allow AUSTRAC to receive and provide financial intelligence to and from our overseas partners. This process assists in establishing a global network of FIUs, making it more difficult for criminals to move dirty money across national borders undetected.
Tactical Analysis and Support
The Tactical Analysis and Support team provides a network of out-posted AUSTRAC Senior Liaison Officers to AUSTRAC partner agencies in each of the major capital cities across the country. The team also provides training and support in the use of the TRAQ Enquiry System (TES).
The role of the Tactical Analysis and Support team is to:
- ensure the integration of AUSTRAC information into partner agency operations and investigations
- facilitate communication between AUSTRAC and partner agencies on intelligence-related matters
- provide a high level of onsite analytical support
- provide customised training in the use of TES
- deliver presentations on AUSTRAC functions; AML/CTF legislation and typologies
- support our partner agencies in achieving their objectives.
The team is also responsible for ensuring feedback is reported to AUSTRAC encompassing the use of AUSTRAC information by partner agencies as well as emerging trends and typologies.