Fraud & Money laundering

Fraud is dealt with under s 192E of the Crimes Act 1900 (NSW). Fraud occurs when a person acts dishonestly through words or conduct(by deception) and gains a financial benefit or obtains property.

Money laundering is the process of ‘cleaning’ illegally obtained money so that it appears legitimate.Anti-money laundering is when authorities attempt to detect proceeds of crime and prevent money laundering by imposing obligations on financial institutions.

Australia’s anti-money laundering laws create a complicated regulatory compliance regime, which is primarily governed by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (‘the Act’).

Should you require advice on fraud or money laundering offences, please contact our office on (02) 8379 1892.