Research by the Australian Institute of Criminology (AIC) and the Australian Transaction Reports and Analysis Centre (AUSTRAC) provides clear evidence of the close connection between organized crime and money laundering, and the significant harm this is causing to the Australian community.
The work is published by the Australian government.
Money laundering is the life blood of organized crime—exploiting Australia's financial system and property market and costing the economy billions of dollars every year.
The report analyzes the link between money laundering and organized crime, using data on organized crime groups known to law enforcement from the Australian Criminal Intelligence Commission and suspicious transactions reported to AUSTRAC.
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