AUSTRAC supported an investigation into a drug trafficking syndicate suspected of supplying and distributing narcotics in Australia.
Reporting entities must provide ML/TF risk awareness training to employees.
AUSTRAC intelligence helped send seven members of an international crime syndicate to prison for importing illicit drugs and laundering money.
A joint investigation into a sophisticated money laundering scheme leads to 10 arrests and the disruption of an international crime syndicate.
AUSTRAC helped authorities to investigate a tax avoidance scheme that used illegal trading known as ‘phoenixing’.
AUSTRAC helped investigate suspicious financial transactions that led to the arrest of two offenders on charges of dealing with the proceeds of crime.
AUSTRAC helps dismantle a remittance services network that was laundering money for organised crime syndicates in Australia.
AUSTRAC intelligence helped link Australian assets to suspects wanted by authorities in China on bribery and corruption charges.
A reporting entity must have Part A of its AML/CTF program reviewed independently and regularly by someone not involved in developing and implementing the program.