Fraud

Banking on a bribe

An investigation was commenced after law enforcement received information from a major bank relating to the acceptance of bribes by two of its employees.

False passports, counterfeit Euros, 10 years' imprisonment

Law enforcement commenced an investigation into a person exchanging counterfeit currency after receiving information from banks across WA, SA and Victoria.

Fraud to finance a gambling addiction

A law enforcement investigation identified a former solicitor who stole more than AUD1 million from individuals, businesses and financial institutions as part of an elaborate mortgage refinancing fraud.

International drug importation scheme cracked, trafficker convicted

AUSTRAC finds correlations between international funds transfers coinciding with drug importations and leads investigators to the suspect, based in Australia, who was in receipt of drugs imported into Australia through the postal system.

AUSTRAC data helped capture international cybercriminal

Suspicious matter reports submitted to AUSTRAC led to the arrest of an international fugitive wanted for cybercrime and fraud offences.

People smuggling operation shut down by joint Australian–Indonesian investigation

A joint investigation between Australian and Indonesian authorities identified two Australian suspects (a father and son) who were facilitating a people smuggling venture.

AUSTRAC information identified Australian victim of $2 million overseas investment scam

AUSTRAC information was instrumental in identifying an Australian victim who sent approximately AUD2 million to a highly organised international crime syndicate committing 'advance fee' fraud.

Welfare recipients found with $75,000 cash and 15 kilograms of cannabis

AUSTRAC information helped initiate an investigation that resulted in the arrest of three suspects and the seizure of approximately 15 kilograms of cannabis.

Crime syndicate recruited Malaysian nationals for major credit card fraud

AUSTRAC information was used to verify the identities of an organised crime syndicate undertaking credit card fraud. A number of suspicious matter reports also assisted authorities to unravel the group's illicit financial activities.

Investors lost $82 million in Ponzi investment scheme

AUSTRAC information assisted authorities investigating an investment company suspected of running a Ponzi scheme involving AUD70 million worth of funds from investors.

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