The growth of transnational crime is linked to increasing globalisation, with criminal groups exploiting advanced technologies to expand their reach across international borders, implementing untraceable network structures and diversifying their activities. With criminal cases increasingly having an international component, the United States Federal Bureau of Investigation (FBI) has recognised the need to cooperate with countries…
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Find out why financial crimes are becoming increasingly sophisticated and complex, with a single crime often violating multiple laws.
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Countries like Australia with a small population benefit from the use of treaties which introduce fairness and transparency to global interactions. Learn more.
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Discover why bitcoin is increasingly being used in the cash-out strategy of cyber criminals to launder proceeds of crime.
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Discover with which countries Australia has a Mutual Legal Assistance Treaty (MLAT), an agreement outlining the terms for cross-border evidence requests.
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The Organisation for Economic Co-operation and Development (OECD) provides a comprehensive guide to fighting tax crimes, Fighting Tax Crime: The Ten Global Principles. The guide introduces a framework for criminal tax investigators worldwide, outlining ten key principles to follow in increasing tax compliance. Principle 1 – ensure tax offences are criminalised Jurisdictions should have…
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AUSTRAC provides a guide for digital currency exchange services to develop an Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) program. In a previous article, we explored the key steps from AUSTRAC that form Part A of developing an AML/CTF program. Part B involves setting out procedures for collecting and verifying “know your customer” (KYC) information. What is…
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Explore the key steps identified by AUSTRAC in developing an effective AML/CTF program for digital currency exchanges which may operate using Bitcoin.
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The FBI’s Internet Crime Complaint Center (IC3) investigates cyber-attacks by criminals, overseas adversaries and terrorists. Acting as a centre to receive complaints of cybercrime, the IC3 alerts the appropriate agencies to suspected online criminal activity. In their 2021 Internet Crime Report, the IC3 reported receiving 847,376 complaints from the American public, representing a 7 percent increase from…
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Discover how the Trans-Tasman Proceedings Act 2010 simplifies trans-Tasman civil proceedings, making them more efficient and cost-effective.
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