AUSTRAC information assisted authorities to investigate a tax evasion scheme promoted and facilitated by an accountant in Australia.
AUSTRAC case studies are a valuable resource for industry and AUSTRAC's partner agencies. They reveal the diversity and seriousness of the organised crime and terrorism financing threats facing industry and the wider community.
These real-life cases present a snapshot of how criminals are seeking to misuse Australia's financial system and how AUSTRAC intelligence and analysis is instrumental in combating these criminals.
The case studies also demonstrate the enormous intelligence value of the financial transaction and suspicious matter reports AUSTRAC receives from industry as they play an important role as partners in combating serious and organised crime and the financing of terrorism.
A suspicious matter report contributed significantly to a law enforcement operation which ultimately dismantled an international drug importation syndicate operating in Australia.
AUSTRAC information assisted authorities with an investigation which disrupted an international people smuggling operation, resulting in the arrest of two Australia-based facilitators.
A law enforcement agency identified a suspect believed to be working as a cash courier for a suspected money laundering syndicate. AUSTRAC data revealed that the suspect and additional cash couriers were laundering millions of dollars internationally for the syndicate.
An Australian law enforcement agency conducted an investigation into a suspect believed to be involved in laundering money. AUSTRAC information linked the suspect to multiple companies and structured cash deposits.
AUSTRAC information assisted authorities investigating an investment company suspected of running a Ponzi scheme involving AUD70 million worth of funds from investors.
AUSTRAC intelligence initiates an investigation into a complex ‘round robin’ tax evasion scheme.
AUSTRAC assisted a law enforcement investigation into the importation and distribution of mephedrone, an amphetamine-type stimulant imported from Israel.
AUSTRAC information assisted authorities to identify an Australian suspect who was accessing child exploitation material produced in the Philippines.
A suspect transaction report triggered AUSTRAC’s automated monitoring system, revealing a syndicate using a technique known as ‘cuckoo smurfing’ to launder funds, suspected to be the proceeds of illicit drug sales.