AUSTRAC information assisted authorities investigating a multi-million-dollar postal fraud and tax evasion scheme.
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.
AUSTRAC assisted a law enforcement investigation into a syndicate importing precursor chemicals from South Africa into Australia to produce up to AUD20 million worth of amphetamines.
A law enforcement agency used AUSTRAC financial transaction data to investigate a suspect who was selling counterfeit vehicle parts on the Australian market.
AUSTRAC assisted law enforcement to investigate two senior public servants charged with stealing more than AUD1.7 million cash from a state government department.
A money laundering and taxation investigation commenced into a suspect who, for more than 10 years, declared minimal income to the Australian Taxation Office while living a luxurious lifestyle.
AUSTRAC contributed to a joint international investigation which exposed a multi-million dollar global fraud committed by an Asian finance manager and international casino ‘high roller’.
AUSTRAC information assisted law enforcement to investigate a network involved in defrauding a university of over AUD30 million and laundering the funds to purchase property and racehorses.
Cold-call investment fraud involves unsolicited contact, generally by telephone, with victims who are persuaded to invest money in shares that are either worthless or non-existent.
An Australian drug syndicate used multiple money laundering methods to launder more than AUD1 million worth of profits from cannabis sales.
A joint-agency investigation led to the arrest of five suspects on charges of conspiring to commit a terrorist attack on an Australian army base. Investigations revealed the group had sent funds destined for use by the Somalia-based terrorist group, al-Shabaab.