New South Wales Premier Barry O'Farrell claims NSW collects more from proceeds of crime than all other states and the federal government combined.
It is vital to understand the beneficial owners of your customers, so you can protect your business from being exploited for criminal gain. AUSTRAC has prepared this summary of your beneficial owner identification obligations, to help you comply and be confident of who you are...
Asset confiscation is a tool that Victoria’s law enforcement and public prosecution agencies use in response to criminal activity. There are three key agencies that work together to achieve the objectives of the Asset Confiscation Scheme—Victoria Police, the Office of Public Prosecutions and the Department...
This Background Note explores the provisions that allow for the confiscation of profits that are obtained from a person’s sale or publication of his or her story.
The Commonwealth's Proceeds of Crime Act 2002 (the Act) commenced on 1 January 2003. The Act provides a scheme to trace, restrain and confiscate the proceeds of certain classes of crime against Commonwealth law. In some circumstances it can also be used to confiscate the...