AUSTRAC is an active member of the Serious Financial Crime Taskforce (SFCT), providing actionable financial intelligence and data sharing as well as specialist analytical and intelligence support.

The Australian Taxation Office (ATO), as part of the partnership approach embodied by the SFCT, has shared data that they received relating to the ‘Panama Papers’ with AUSTRAC.

We are now analysing this information and comparing it to our other data-holdings. We are actively working with domestic and international partners to better understand this information.

We will share our analysis findings with our SFCT partners, and international partners, as appropriate. We cannot comment further for operational reasons.

The SFCT – an evolution and expansion of the successful cross-agency Project Wickenby model – is working to address new and emerging threats to the integrity of our financial system.

 

[Austrac media release 13 April 2016] [LTN 69, 13/4/16]