AUSTRAC helped convict a person who used a digital currency (cryptocurrency) to purchase, import and sell illicit drugs through a black market website.
An investigation stopped a professional money laundering syndicate operating between Australia, New Zealand and China.
AUSTRAC helped identify and investigate a suspect who was laundering the proceeds of crime using casinos, airline crew and a remitting service.
Business reporting and AUSTRAC analysis prompted an investigation into one offender’s systematic structuring of $2.5 million in cash deposits.
AUSTRAC’s financial intelligence helped convict a remitter laundering illicit funds for crime syndicates.
AUSTRAC’s financial intelligence helped law enforcement agencies dismantle a major drug syndicate operating in Australia and Vietnam.
AUSTRAC’s financial intelligence was the catalyst for a criminal investigation into a married couple’s unexplained wealth.
AUSTRAC sparked a criminal investigation into unregistered remitters that led to money laundering convictions and the forfeiture of millions.
Your AML/CTF program must document the enhanced customer due diligence program that you will apply when the money laundering/terrorism financing risk is high.
You must have a transaction monitoring program in place to identify suspicious and high-risk transactions from customers.