The Serious Financial Crime in Australia 2017 report provides a national picture of serious financial crime currently impacting the Australian community. The report draws on the work of Serious Financial Crime Taskforce agencies, as well as intelligence and operational data held by a broad range of law enforcement, regulatory and government agencies.
The report is the first of its kind and focuses on the ‘enablers’ and ‘markets’ of financial crime in Australia. It informs government partners, the wider intelligence community and members of the general public of the threats posed by financial crime in Australia, and where possible, how to mitigate the risks.
The 2017 report has identified the nine key enablers of financial crime in Australia as:
- money laundering
- identity crime
- offshore service providers
- illegal phoenix activity
- abusive use of trusts
- high value commodities
- alternative banking services.
The report explores existing and emerging financial crime threats affecting the Australian community and our national interests.