Commonwealth Director of Public Prosecutions

Serious Financial Crime Taskforce

Serious Financial Crime Taskforce

The Serious Financial Crime Taskforce was set up on 1 July 2015 to bring together the knowledge, resources and experiences of federal law enforcement and regulatory agencies to identify and address serious and complex financial crimes. 

The Taskforce builds on the success of Project Wickenby, which saw $2.29 billion in tax liabilities raised and $985.67 million in outstanding revenue recouped.

While Project Wickenby focused on tackling offshore tax evasion and crime, the Taskforce has a broader remit to target the most serious financial crimes, including international tax evasion and criminality related to fraudulent phoenix activity, trusts and superannuation.

Phoenix fraud involves a company deliberately liquidating assets to avoid paying creditors, taxes and employee entitlements.

Partner agencies

Part of the Fraud and Anti-Corruption Centre, the Taskforce is led by the Australian Federal Police and includes the:

  • Australian Federal Police
  • Australian Taxation Office
  • Australian Criminal Intelligence Commission
  • Attorney-General's Department
  • Australian Transaction Reports and Analysis Centre
  • Australian Securities and Investments Commission
  • Commonwealth Director of Public Prosecution
  • Australian Border Force.

Further information is available from the Australian Federal Police.