Taskforce results
The Serious Financial Crime Taskforce (SFCT) started operation on 1 July 2015.
From this date until 30 June 2024, the Taskforce has progressed cases that have resulted in:
- completion of 2,268 audits and reviews
- conviction and sentencing of 46 people
- raised over $2.552 billion in liabilities
- collected more than $1.022 billion.
Guidance and resources
The SFCT has valuable resources to warn taxpayers of the risks of getting involved in these kinds of behaviours, including:
- False invoicing - an Intelligence Bulletin warning businesses against false invoicing arrangements. These schemes involve issuing invoices where no goods or services are provided.
- Electronic sales suppression tools (ESSTs) - a new Intelligence Bulletin warning businesses against using ESSTs. Businesses use ESSTs to illegally manipulate transaction records and avoid their tax obligations.
- Fraud in the precious metals refining industry - The illegal manipulation of the government’s interpretation of precious metals has been a focus for SFCT, which has investigated participants alleged to have been involved in gold bullion fraud.
Case studies and tax crime prosecution results
Case studies show that those who deliberately cheat the system will be held to account.
- Serious Financial Crime Taskforce case studies
- Operation Bordelon
- Operation Elbrus
- Tax crime prosecution results
Latest media releases
- 24-281MR Former registered liquidator Peter Amos sentenced to prison for dishonest use of position as external administratorExternal Link
- Six people jailed over $10 million tax fraud
- Victorian woman sentenced for defrauding the ATO of $452,000
- WA woman jailed for exploiting hardship superannuation support
- Queensland women sentenced for fraudulent claims to COVID-19 scheme
- Suspected criminal operation accused of laundering $1 billion
- Final person sentenced over Operation Elbrus tax fraud
- From gold bars to iron bars
- Operation Underpitch smashes money laundering, tax evasion and foreign worker exploitation within the NSW and ACT construction industry
- Former Chair, CEO and CFO of Bruck Textile Technologies committed to stand trialExternal Link
- Foreign worker exploitation targeted in multi-agency operation
- Operation Elbrus: Sydney man jailed for tax fraud
Past media releases
Read our past SFCT media releases and listen to the audio grabs.