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Financial service providers guidance resources

Financial crime guide

Child sexual exploitation is a heinous crime that extends across borders and adversely impacts victims and communities. It is a form of child abuse where offenders and facilitators use their power, either physical, financial or emotional, over a child or young person to sexually or emotionally abuse them. Child sexual exploitation for financial gain involves a child being coerced or manipulated into engaging in forced sexual activity for financial benefit.

Risk assessment

A detailed national assessment of Australia’s exposure to proliferation financing threats and vulnerabilities.

Financial crime guide

This guide provides indicators and behaviours to help financial service providers, particularly those engaged in trade financing, to detect and report suspicious financial activity.

International trade is an attractive avenue for criminals as it presents risks and vulnerabilities that they can exploit. Criminals engaged in trade-based money laundering use the trade of goods and services to move illicit money into and out of Australia and around the world.

Financial crime guide

This guide provides financial indicators to help businesses, including digital currency exchange providers, recognise and report criminal activity through digital currencies.

Digital currencies are increasing in value and acceptance as Australians have rapidly taken up this new technology. Digital currencies and blockchain technology enable digital transactions and financial products and services in new online networks, environments and marketplaces.

Financial crime guide

This financial crime guide includes practical information and key indicators to help your business understand, identify and report suspicious activity where someone could be the target of a ransomware payment, or trying to profit from a ransomware payment.

Cybercriminals try to infect a computer or network, and then demand a ransom payment to unlock or decrypt the victim’s computer system. These attacks can disrupt businesses and critical services, and cost significant time and resources to recover from.

Financial crime guide

This guide provides financial indicators to help financial services businesses to detect and report potential fraud and misuse of taxpayer funds through Services Australia administered emergency and disaster payments.

Financial crime guide

This guide provides financial indicators to help financial service providers to target, detect and disrupt criminal communication or abuse through payment text fields.

Risk assessment

An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the non-bank lending and financing sector to help identify, mitigate and manage risks. 

Financial crime guide

Organised criminals use ‘cuckoo smurfing’ as a method of laundering money to disguise and integrate their funds across borders to profit from and further enable their illegal activities.

Generally this method of money laundering relies on exploiting the bank accounts of customers expecting to receive legitimate funds. These customers are often unaware that the funds transferred into their accounts are the proceeds of crime.

To protect Australia’s financial system against exploitation, AUSTRAC’s Fintel Alliance has developed this financial crime guide on cuckoo smurfing.

Video

A video showcasing how Suspicious matter reports (SMRs) are a crucial source of intelligence for AUSTRAC.