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The AUSTRAC Typologies and Case Studies Report 2007 is a key publication aimed at assisting businesses to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act). The report has been specifically designed to help reporting entities better understand the potential risks businesses face by identifying some key methodologies and indicators in operation within the Australian environment.
The report was generated from the following research material:
- sanitised case material from Australian law enforcement, revenue and national security agencies
- existing AUSTRAC strategic and typology research
- international typology and case study reports including from the Financial Action Task Force, the Asia/Pacific Group on Money Laundering and the Egmont Group of Financial Intelligence Units
- open source research.
A user-friendly chart has been included with each of the 51 case studies, highlighting:
- what crime or civil proceeding was involved ('Offence')
- the type of customer involved in perpetration of the offence ('Customer')
- the industry category through which transactional activity was conducted ('Industry')
- the specific method through which the offenders perpetrated transactional activity ('Channel')
- the location through which the transactional activity was facilitated ('Jurisdiction')
- the specific designated service ('Designated service')
- the red flag activity contained within each case example.
11-DEC-2007
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