The Fintel Alliance, established in 2017, is a private-public partnership between Australia’s law enforcement agencies and major banks, remittance service providers and gambling operators.
Following “significant law enforcement outcomes” due to the work of the alliance, AUSTRAC is now increasing its capacity through the establishment of a collaborative data analytics hub, a platform for data sharing which helps to identify criminal patterns and trends across the financial sector.
In addition, the Fintel Alliance’s capacity will be increased through additional staff, including a seconded senior manager from ANZ Bank who will help co-lead and build new pairings with the industry and government members.
“All members of Fintel Alliance continue to prioritise fighting financial crime and have strengthened our contribution to the ..