The Serious Financial Crime Taskforce (SFCT) is an Australian Taxation Office (ATO) led multi-agency taskforce established in 2015. It brings together the knowledge, resources and experience of law enforcement and regulatory agencies to identify, prioritise and treat the threats posed by serious financial crime.
This financial crime guide will help the financial services sector to identify, monitor and report suspected fraud against the NDIS.
A new financial crime guide will help businesses understand, identify and report suspicious financial activity to prevent fraud against the National Disability Insurance Scheme (NDIS). NDIS fraud is not a victimless crime and has a serious impact on the Australian public and economy, by stealing directly from the pockets of Australians living with disability.
An assessment of the money laundering and terrorism financing (ML/TF) risks associated with the junket tour operations sector to assist c
AUSTRAC has today launched its ML/TF risk assessment of the junket tour operations (JTOs) sector.
The SMRs you submit are the ‘eyes and ears on the ground’ for AUSTRAC, law enforcement and other regulatory agencies. This guide contains tips on how to make effective suspicious matter reports to AUSTRAC.
A video showcasing how Suspicious matter reports (SMRs) are a crucial source of intelligence for AUSTRAC.
In simpler times, a business front would suffice to make illegally acquired money appear legitimate.
Reforms have been made to strengthen Australia’s anti-money laundering and counter-terrorism financing laws.
Throughout 2020 we saw a number of key areas where businesses could improve their anti-money laundering and counter-terrorism financing (