We are part of the Serious Financial Crime Taskforce (SFCT), a multi-agency task force targeting serious financial crime in Australia. It is led by the Australian Taxation Office (ATO) and brings together the knowledge, resources and experiences of federal law enforcement and regulatory agencies to identify and address serious and complex financial crimes.
The SFCT’s goal is to target serious financial crimes of the highest priority, with a specific focus on 4 key areas:
- cybercrime (technology-enabled crime) affecting the tax and superannuation systems
- offshore tax evasion
- illegal phoenix activity
- serious financial crime affecting the ATO-administered measures of the Commonwealth Coronavirus Economic Response Package.
The task force includes:
- Australian Federal Police
- Attorney-General's Department
- Australian Transaction Reports and Analysis Centre
- Australian Securities and Investments Commission
- Commonwealth Director of Public Prosecutions
- Department of Home Affairs, incorporating its operational arm, the Australian Border Force
- Services Australia.
Serious Financial Crime Taskforce results
The SFCT started operation on 1 July 2015. From this date until 30 June 2021, the task force has progressed cases that have resulted in:
- completion of 1,375 audits and reviews
- conviction and sentencing of 15 people
- raising over $1.088 billion in liabilities
- collection of more than $510 million.
Find out more about the SFCT on the ATO website.