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21-JAN-2009
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Foreword
As Australian and international businesses grapple with the impact of the global financial crisis, government and industry must remain vigilant against attempts to take advantage of the crisis to commit money laundering. With opportunities ever present to misuse our financial system, timely and accurate reporting of financial transactions and suspicious matters to AUSTRAC takes on extra importance.
The AUSTRAC Typologies and Case Studies Report 2009 presents a range of case studies highlighting illicit activities that may have remained undetected if not for diligent reporting by entities. The cases illustrate how the reports submitted to AUSTRAC have assisted law enforcement agencies and other government authorities trace those involved in the importation and trafficking of illegal drugs, superannuation fraud and illegal investment schemes, tax evasion, credit card fraud, and other organised crime.
As with previous Typologies and Case Studies Reports, this publication combines case study information collected by AUSTRAC's law enforcement, national security and revenue partner agencies and AUSTRAC's own research into money laundering and terrorism financing methods. The report provides examples of how criminals have attempted to exploit the financial system and also includes red flag 'indicators' - examples of suspicious behaviour that may indicate the possibility of money laundering or terrorism financing activity.
The AUSTRAC Typologies and Case Studies Report 2009 is a valuable educative resource for both reporting entities and AUSTRAC's partner agencies in their continued efforts to combat financial and other crime.
Neil J Jensen PSM
Chief Executive Officer, AUSTRAC
17-JUN-2009
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