Serious Financial Crime Taskforce
The Serious Financial Crime Taskforce (SFCT) was set up on 1 July 2015 and builds on the success of Project Wickenby.
While Project Wickenby focused on tackling offshore tax evasion and crime, the SFCT has a broader remit to target the most serious financial crimes, including technology-enabled tax crime (cybercrime), offshore tax evasion, and illegal phoenix activity.
The SFCT brings together the knowledge, resources and experiences of federal law enforcement and regulatory agencies to identify and address serious and complex financial crimes.
Results
The following is a snapshot of results to 31 March 2024*:
| 2,152 audits and reviews completed | 38 people sentenced |
| over $2.182 billion in tax liabilities raised | $842 million |
*results are updated quarterly
Partner agencies
The SFCT is led by the Australian Taxation Office and also includes the:
- Australian Federal Police
- Australian Criminal Intelligence Commission
- Attorney-General's Department
- Australian Transaction Reports and Analysis Centre
- Australian Securities and Investments Commission
- Commonwealth Director of Public Prosecution
- Department of Home Affairs, incorporating its operational arm, the Australian Border Force.
Further information is available from the Australian Taxation Office.
Significant Cases
- Xiao v R [2018] NSWCCA 4
- DPP (Cth) v Pratten (No 2) [2017] NSWCCA 42
- Conklin v R [2017] NSWCCA 275
- Dickson v R [2017] NSWCCA 78
- R v Issakidis [2018] NSWSC 378