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Banking (ADIs)

AUSTRAC information revealed complex ‘round robin’ tax evasion scheme

AUSTRAC intelligence initiates an investigation into a complex ‘round robin’ tax evasion scheme.

Remittance business laundered millions in drug money through student’s bank account

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.

‘Cuckoo smurfing’ used in million dollar money laundering scheme

AUSTRAC disseminated a suspect transaction report to a law enforcement partner agency, which sparked an investigation into a widespread money laundering syndicate.

Card skimming syndicate laundered criminal proceeds through casinos

An international student residing in Australia was arrested by law enforcement upon arrival in Australia, where he was found to be in possession of card skimming technology, includeding computer disks, a laptop, a card encoder, an ATM feeder ‘face unit’ and 31 blank ATM cards

Money exchange business laundered millions for drug syndicate

A multi-million dollar money laundering syndicate was dismantled following a 12-month joint agency investigation, which uncovered a currency exchange business being used to launder the proceeds of crime for a European drug syndicate

Dozens of suspicious cash transfers exposed $2 million unpaid tax bill

AUSTRAC information initiated an investigation into a suspect who had been evading tax for a period of approximately nine years and had an unpaid tax bill totalling over AUD2 million.

Man convicted after importing human growth hormones from China

AUSTRAC information assisted authorities to identify transactions associated with the illegal importation and possession of human growth hormones.

Syndicate imported 25kg of ecstasy hidden in children’s toys

AUSTRAC information initiated a multi-agency investigation into a syndicate responsible for importing more than AUD1.5 million of ecstasy concealed in children’s toys.

International students used as ‘mules’ in Pacific drug smuggling ring

An international investigation into drug trafficking revealed a major drug smuggling and money laundering syndicate operating within Australia.

Suspicious transactions revealed Colombian cocaine importations

An Australian law enforcement agency arrested and charged two suspects for importing nearly AUD2 million worth of cocaine into Australia from South America. AUSTRAC information assisted the investigation by linking the suspects to the purchase of the drugs and the methods used to pay for and import the drugs.

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