Showing 157 results:
AUSTRAC referral helps catch unregistered remitters
Summary
AUSTRAC discovered two companies providing remittance services while unregistered. After a request to comply, their applications showed multiple breaches of their obligations and AUSTRAC…
Suspicious transfers undo major meth operation
Summary
AUSTRAC’s financial intelligence helped law enforcement agencies dismantle a major drug syndicate operating in Australia and Vietnam. The syndicate had raised suspicion by using large cash…
Unexplained wealth investigation leads to assets being seized
Summary
AUSTRAC identified a married couple who were moving large and unexplained amounts of cash domestically and overseas, and referred them for criminal investigation. The investigation…
Offender structures $2.5 million over five years to evade tax
Summary
Using cash from his retail business, the offender systematically structured deposits totalling over A$2.5 million in an attempt to avoid transaction reporting requirements and evade tax.
Director of remittance business jailed for laundering cash
Summary
AUSTRAC helped an investigation into a remitter suspected of laundering illicit funds for crime syndicates. Transaction reporting by banks had revealed a shortfall between the amount of…
AUSTRAC helps bust money laundering syndicate
Summary
AUSTRAC supported an investigation into a money laundering syndicate operating between Australia, New Zealand and China. The syndicate tried to launder more than A$600,000 through casino…