AUSTRAC continues to build its global network of financial intelligence capability with the appointment of the first ever AUSTRAC financial intelligence analyst to be posted in China.
Announced by the Minister for Home Affairs Peter Dutton at the 4th regional Counter-Terrorism Financing (CTF) Summit in Bangkok this week, the analyst will be based in Guandong, in the southern province of Guangzhou, from December this year and will work closely with China’s financial intelligence unit (FIU).
AUSTRAC CEO, Nicole Rose PSM said that the posting represents a significant boost to Australia’s intelligence capability in the region.
“The Guangzhou province is a strategically important area for Australia in the fight against transnational serious and organised crime and this increase in our financial intelligence capability will further enhance Australia’s ability to work with China to clamp down on organised crime syndicates in the region,” Ms Rose said.
“Transnational serious and organised crime is motivated by profit and is estimated to cost Australians up to $47.4 billion annually. AUSTRAC’s job is