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Banking (ADIs)

Albanian crime syndicate used online betting service to launder drug proceeds

An Albanian organised crime syndicate operating in Australia used an online betting service and an internet payment system to launder illicit proceeds from the sale of cannabis.

Asian crime syndicate recruited foreign students to steal and launder money

An Asian crime syndicate, which included an expert forgery artist, recruited foreign students to open bank accounts, steal mail and launder stolen cash.

Vietnamese heroin importation syndicates dismantled

AUSTRAC information allowed law enforcement agencies to trace a Vietnamese heroin importation syndicates' financial activity, identify syndicate members and establish links between them and a wider network.

Company evaded millions in cigarette tax through duty free fraud

AUSTRAC information assisted authorities with an investigation into a company suspected of a multi-million dollar duty free fraud.

Suspects raised funds in preparation for acts of terrorism

The following two related cases illustrate the challenge of identifying terrorism financing, given that it may model normal patterns of financial behaviour, be undertaken through low-value transactions, or not involve the financial sector at all.

Lost wallet led to arrest of identity fraudster

The discovery of a lost wallet at a fast food outlet led to a law enforcement operation that uncovered several cases of identity fraud.

Tax fraudsters used casinos, businesses to launder funds

AUSTRAC began monitoring the financial activities of a network of suspects after reporting entities submitted a series of reports about the network's financial activity.

Structured transactions used to launder thousands of damaged $2 coins

AUSTRAC information assisted an investigation into individual suspected of carrying more than AUD150,000 cash from China to Australia.

Director used company millions to cover personal gambling debts

A company director allegedly used more than AUD1 million of company funds for his personal gambling and entered into an agreement rendering the company liable for his gambling debts.


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