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Results for financial crimes (australia)

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Author: Australian Institute of Criminology

Title: Serious and Organised Investment Fraud in Australia

Summary: In 2011, Task Force Galilee was established to broaden the understanding of Serious and Organised Investment Fraud and to develop a national response. As at April 2012, the Task Force estimated that Australians’ losses to this type of fraud since January 2007 were in excess of A$113 million, with this figure likely to be conservative. During this period more than 2,600 Australians were victims of Serious and Organised Investment Fraud. These figures have largely been established as a result of intelligence analysis, and do not reflect the actual level of reporting by victims, which remains low. This report has been prepared to provide an insight into the nature and extent of this type of fraud as it currently affects Australia. Since the Task Force’s establishment, knowledge and understanding of Serious and Organised Investment Fraud has grown exponentially, and continues to do so. The information in this report is a compilation of the key characteristics identified via available literature and relevant Task Force member findings.

Details: Canberra: Australian Institute of Criminology and the Australian Crime Commission, 2012. 43p.

Source: Internet Resource: Accessed August 10, 2012 at: http://www.crimecommission.gov.au/sites/default/files/files/Galilee%202012/SOIFA_Report_040712.pdf

Year: 2012

Country: Australia

URL: http://www.crimecommission.gov.au/sites/default/files/files/Galilee%202012/SOIFA_Report_040712.pdf

Shelf Number: 125962

Keywords:
Economic Crimes
Financial Crimes (Australia)
Fraud
White-Collar Crimes