Commonwealth Director of Public Prosecutions

Serious Financial Crime Taskforce

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 international tax evasion and criminality related to fraudulent phoenix activity, trusts and superannuation.

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. It has resulted in $836 million in tax liabilities raised and $306 million in outstanding revenue recouped.

Results

The following is a snapshot of results to 30 September 2019*:

 

1,173 
audits and reviews completed

6
people sentenced

 

 

$909 million
in tax liabilities raised

$319 million

collected
 

 

*results are updated quarterly

Partner agencies

The SFCT is led by the Australian Taxation Office and 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

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View the Serious Financial Crime Taskforce Fact Sheet.