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Nicole Rose

AUSTRAC hardens frontlines against dirty money

Work behind the scenes is producing financial intelligence and helping law enforcement and business to stop criminals from benefiting from serious and organised crime.

Nicole RoseAUSTRAC CEO

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Combating money laundering is more important now than ever before. While estimates of scale of money laundering are always fraught, the United Nations has previously estimated that the amount of money laundered globally on an annual basis is 2 per cent to 5 per cent of global GDP.

Australia must be at the forefront of fighting this key enabler of organised crime if we are going to have a real impact on criminals profiting from harming the Australian community.

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    Original URL: https://www.afr.com/companies/financial-services/austrac-hardens-frontlines-against-dirty-money-20221027-p5btdt