AUSTRAC is warning the community to be alert to scammers demanding a ‘tax payment’ before funds can be released to their bank account.

The scam involves bogus emails claiming to be from AUSTRAC.They include threats of jail and legal action if the demand is not complied with immediately.

You will never receive direct communications from AUSTRAC as an individual about your financial transactions.

Find out more about signs of a scam and what to do.