Money Laundering
Disguising proceeds of crime to appear legitimate.
Financial Crime
Financial Crimes. What AUSTRAC is Fighting
How AUSTRAC fights financial crimes in Australia. Learn about money laundering, terrorism financing, and other serious financial crimes.
Understanding financial crime
According to AUSTRAC, financial crimes like money laundering erode trust in Australia's financial system and the security of the population. Money laundering is a fundamental enabler of virtually all criminal activity.
AUSTRAC works with law enforcement, intelligence agencies and regulated businesses to detect, deter and disrupt serious financial crimes.
Types of financial crime
Terrorism Financing
Providing funds to support terrorist activities.
Tax Evasion
Illegal non-payment or underpayment of taxes.
Fraud & Scams
Deceptive schemes to obtain money or assets.
Frequently asked questions
What are financial crimes?
Financial crimes include money laundering, terrorism financing, tax evasion, fraud, corruption, and other crimes involving the financial system.
How does AUSTRAC fight financial crime?
AUSTRAC collects financial intelligence from reporting entities, analyses transaction data, and works with law enforcement to detect and disrupt financial crimes.
What is the scale of financial crime in Australia?
According to AUSTRAC, the domestic Australian drug market alone is worth at least $12.4 billion per year — all of which needs to be laundered through the economy.
Related resources
Play your part
Good CDD helps protect your business from being exploited for financial crime.