Australia: Financial crime ‘on the rise’ say AUSTRAC
19 Apr 2017

Financial crime is on the rise in Australia, with the country’s senior money-laundering officials saying they’ve witnessed a dramatic increase in fraudulent transactions.

Deputy chief executive of the Australian Transaction Reports and Analysis Centre, Gavin McCairns, said the volume of data it received every day was growing “exponentially”.

“The number of reports received in the past five years [increased] fivefold,” he said.

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