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Date: April 29, 2024 Mon
Time: 9:49 pm
Time: 9:49 pm
Results for money laundering (australia)
6 results foundAuthor: Queensland. Crime and Misconduct Commission Title: Money Laundering and Organised Crime in Queensland: A Strategic Assessment Summary: The purpose of this assessment is to examine what constitutes money laundering in Queensland and to examine different money laundering techniques employed by organized crime groups. It provides warning signs of particular types of money laundering techniques and discusses law enforcement response to money laundering. The paper also assesses the risk posed by money laundering by organized crime groups. Details: Brisbane: Crime and Misconduct Commission, 2009. 35p. Source: Internet Resource; Crime Bulletin, No. 11 Year: 2009 Country: Australia URL: Shelf Number: 118830 Keywords: Money Laundering (Australia)Organized Crime (Australia) |
Author: Rees, David Title: Money Laundering and Terrorism Financing Risks Pose by Alternative Remittance in Australia Summary: The events of 11 September 2001 have heightened interest in ensuring that all sectors of the financial system are not misused either by criminal or terrorist groups. In addition to conventional banks, money and value can be transferred by alternative remittance providers who have, until recently, not been closely regulated. Regulators are concerned that the informal nature of these businesses may lead to their use by terrorist groups and other criminals. This brief considers the characteristics of alternative remittance businesses, the risks they pose and some of the current responses to these risks. This report is one of three in a suite on this issue by the AIC which also includes Alternative remittance systems in Australia: Perceptions of users and providers and Risks of money laundering and the financing of terrorism arising from alternative remittance systems. Details: Canberra: Australian Institute of Criminology, 2010. 118p. Source: Internet Resource: Research and Public Policy Series No. 106; Accessed August 22, 2010 at: http://www.aic.gov.au/documents/A/8/7/{A876C9D4-152E-4FDD-93BB-3F98F8C5ED70}rpp106.pdf Year: 2010 Country: Australia URL: http://www.aic.gov.au/documents/A/8/7/{A876C9D4-152E-4FDD-93BB-3F98F8C5ED70}rpp106.pdf Shelf Number: 119101 Keywords: Money Laundering (Australia)Terrorist Financing |
Author: Bricknell, Samantha Title: Misuse of the Non-Profit Sector for Money Laundering and Terrorism Financing Summary: The manner in which terrorist organisations finance their activities became a policy focal point after the terrorist attacks of 11 September 2001. Non-profit organisations, and charities in particular, were identified as potentially significant contributors to terrorism financing. This premise was based on known links between charitable giving and prominent terrorist groups, and the vulnerabilities of the non-profit sector to misuse. Money laundering and terrorism financing (ML/TF) risks to the Australian non-profit sector are thought to be low. However, the impact of such misuse is inevitably high. One of the underlying premises in combating non-profit misuse has been the application of a response proportionate to risk. Australia has based its response on education, sector outreach and peak body codes of conduct, alongside more conventional forms of regulatory control. This paper examines vulnerabilities to ML/TF misuse and the publicly available evidence for actual misuse. It is suggested that the Australian response could incorporate a more uniform commitment from the sector to adopting risk-based strategies, with government providing education for the sector that is based on the identification of specific points of vulnerability. Details: Sydney: Australian Institute of Criminology, 2011. 6p. Source: Internet Resource: Trends & Issues in Crime and Criminal Justice no.424: Accessed September 20, 2011 at: http://www.aic.gov.au/en/publications/current%20series/tandi/421-440/tandi424.aspx Year: 2011 Country: Australia URL: http://www.aic.gov.au/en/publications/current%20series/tandi/421-440/tandi424.aspx Shelf Number: 122788 Keywords: Financial CrimesMoney Laundering (Australia)Terrorist Financing |
Author: Australia. Australian Transaction Reports and Analysis Centre Title: Money laundering in Australia 2011 Summary: Money laundering in Australia 2011 presents a consolidated picture of current money laundering - the indicators and activities involved, the sectors and professions which are vulnerable, a range of new threats which are emerging, and the general framework of regulations and actions necessary to identify and prevent this crime. By contributing to greater public and industry knowledge about money laundering, this report better positions government, industry and the community to work together to develop and strengthen preventative strategies against money laundering and the critical risk which it poses to Australia. Details: Chatswood, NSW: AUSTRAC, 2011. Source: Internet Resource: Accessed November 22, 2011 at: http://www.austrac.gov.au/money_laundering_in_australia_2011.html Year: 2011 Country: Australia URL: http://www.austrac.gov.au/money_laundering_in_australia_2011.html Shelf Number: 123421 Keywords: Financial CrimesMoney Laundering (Australia) |
Author: Bricknell, Samantha Title: Money laundering and terrorism financing risks to Australian non-profit organizations Summary: The exploitation of the non-profit sector for money laundering and, in particular, the financing of terrorism, is understood to have been a long-established practice. However, the methods and sources used by terrorist organisations to finance their activities became a key policy focal point after the terrorist attacks of 11 September 2001 and subsequent (predominantly government) examinations of terrorism funding substantiated the position that non-profit organisations were at an elevated risk of criminal exploitation. The vulnerability of non-profit organisations was related to their social purpose, the cash-intensive nature of their activities and the generally minimal form of regulatory oversight applied to their operations. Adding to this risk was the provision of services that relied on financial contributions and the good will of its supporters, the often regular transmission of funds between jurisdictions and less rigorous forms of administrative and financial management. This report examines the risks to the Australian non-profit sector of money laundering and terrorism financing and describes the regulatory changes that could minimise risk. The report uses information derived from government, non-government and peer-reviewed literature, case law and regulator reports, and observations made by representatives from the non-profit sector, law enforcement and key regulatory agencies, and academia that were consulted for the study. Details: Canberra, Australia: Australian Institute of Criminology, 2011. 83p. Source: AIC Reports, Research and Public Policy Series 114: Internet Resource: Accessed February 10, 2012 at http://www.aic.gov.au/documents/7/3/9/%7B73997C4D-79B3-46B1-8D09-4AFC93E675F5%7Drpp114.pdf Year: 2011 Country: Australia URL: http://www.aic.gov.au/documents/7/3/9/%7B73997C4D-79B3-46B1-8D09-4AFC93E675F5%7Drpp114.pdf Shelf Number: 124043 Keywords: Money Laundering (Australia)Risk AssessmentTerrorism Financing |
Author: Walters, Julie Title: The Anti-Money Laundering and Counter-Terrorism Financing Regime in Australia: Perceptions of Regulated Businesses in Australia Summary: In Australia, legislation was introduced in 2006 that requires specified businesses to forward reports of certain financial transactions to the Australian Government agency, AUSTRAC. As part of the Australian Institute of Criminology’s research in to Australia’s anti-money laundering/counter-terrorism financing regime, a survey was conducted in mid 2009 of all business with reporting obligations to AUSTRAC. This report examines the findings of the survey on the perceptions of Australian businesses to the reporting regime in Australia. Details: Canberra: Australian Institute of Criminology, 2012. 82p. Source: Internet Resource: Research and Public Policy Series 117: Accessed September 13, 2012 at: http://aic.gov.au/documents/B/B/A/%7BBBA061D1-79A8-4F55-9429-B7390A34E13C%7Drpp117.pdf Year: 2012 Country: Australia URL: http://aic.gov.au/documents/B/B/A/%7BBBA061D1-79A8-4F55-9429-B7390A34E13C%7Drpp117.pdf Shelf Number: 126323 Keywords: Counter-TerrorismCrimes Against BusinessesFinancial CrimesMoney Laundering (Australia)Terrorist Financing |