$53m used to finance terror from Australia last year

INTELLIGENCE agencies closely monitored more than 100 Australian-based suspected terrorism financiers last year.

The national money laundering agency, AUSTRAC, revealed investigations into terror-related suspicious matters grew from 118 in 2013-14 to 367 last year.

The total involved was $53 million, including $11 million in cash.

There were 536 general terrorism "suspicious reports" made to the agency last year, of more than 80,000 tip-offs on potential financial crimes.

The report said the rise in terrorism-related financial crime investigations was linked to a rise in Australians leaving to fight in Syria and Iraq.

It said 100-plus "people of interest" were under the agency's spotlight for potentially supporting terrorism activities financially.

The report was released ahead of Australia and Indonesia hosting a regional counter-terrorism finance summit in Sydney this month.

More than 170 terror finance intelligence experts are expected to examine recent trends and the role of technology in terror finance.


Harsh new road rule you need to know

Harsh new road rule you need to know

NSW the strictest state in the country for this offence

Organisations share in $350,000 worth of grants

Organisations share in $350,000 worth of grants

Organisations share in $350k grant

Hidden treasures uncovered

Hidden treasures uncovered

Ballina visitors love the museum

Local Partners