Financial crime guide targets NDIS fraud
We recently released a financial crime guide to help you understand, identify and report suspicious financial activity to prevent fraud against the National Disability Insurance Scheme (NDIS).
NDIS fraud has a serious impact on the Australian public and economy, by stealing directly from the pockets of Australians living with disability.
Download the NDIS fraud financial crime guide (PDF, 1.53MB).
Developed in partnership with the National Disability Insurance Agency (NDIA), the financial crime guide includes indicators of potential fraud you should watch out for, including NDIS sourced funds being used in a way that does not correlate with providing or receiving support services.
Examples include funds being sent outside of Australia, cash withdrawals, transactions at gambling or gaming venues, or purchase of luxury goods or assets.
What you need to do
If you identify indicators of NDIS fraud, submit suspicious matter reports (SMRs) to AUSTRAC and consider your obligations, including reviewing your ongoing customer due diligence.
To assist AUSTRAC to target this crime type, include keywords in your report such as NDIS fraud, disability fraud, NDIS, NDIA, National Disability Insurance Scheme or disability payments.
Your SMRs are critical to detect and disrupt criminals who attempt to defraud the NDIS, and will help ensure vital financial support reaches Australians living with a disability.