Analysis of Transnational Crime in Australia: Digital Summary & Paper

This document presents a digital summary of a conference paper focusing on transnational crime in Australia. It highlights key issues such as the utilization of new technologies by criminals, the challenges of combating money laundering, and the implications of unexplained wealth. The paper discusses the government's efforts to reduce transnational crimes, including the implementation of regulations like the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017. It emphasizes the need for the government to adapt to the evolving landscape of transnational crime, particularly in areas like digital currency and the involvement of non-financial professions. The paper concludes by summarizing the ongoing efforts to address these complex challenges to secure national security.

Running head: DIGITAL SUMMARY OF TRANSNATIONAL CRIME IN AUSTRALIA
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Digital summary of the conference paper on issues of transnational crimes
Transnational or serious organized crimes are one of the crimes where it affects to not
only within a country but also to the other countries. The crimes are committed by particular
organizations in a country. The chosen country for such transnational crime is Australia. The
criminals may commit such crimes within the country, as well as to the other countries.
Therefore, it is a threat or intimidation to the national security of any country. The government of
Australia has enacted several rules, regulations, and Acts to identify and reduce those crimes.
However, the government is facing many issues to reduce such transnational or organized crime.
It has identified that some fresh or new technologies, the large net of money laundering or
funding to the terrorists, and unexplained wealth of the people whether it is legitimate or not may
come across to reduce such transnational crimes in Australia. This conference paper identifies
such issues, which may help to reduce such organized and serious transnational crimes.
New technologies, as an issue of transnational crimes:-
The officials of the department of crime in the government of Australia may not always
be familiar with such new technologies, which the criminals use to do such crimes. It is one of
the issues to reduce transnational crime.
Combating with money laundering:-
Money laundering is one of the large nets of crimes, which the crime department of the
government is trying to identify. The Anti-Money Laundering and Counter-Terrorism Financing
Amendment Act 2017 has brought under the umbrella or regime of anti-money laundering
regulations to the providers of exchange of digital currency. The main gap in the anti-money
laundering and terrorist funding regime in Australia is that such labelled non-financial

1DIGITAL SUMMARY OF TRANSNATIONAL CRIME IN AUSTRALIA
professions and businesses, such as lawyers, accountants, and agents of real estate do not come
under the umbrella of this regime of anti-money laundering and funding to terrorists. As it is
very large and versatile in nature; therefore, the department is facing an issue to identify and
reduce those crimes.
Unexplained wealth:-
There are many people who have possessed many legitimate, as well as illegal properties.
It may arise an issue for transnational crime. Therefore, it can be concluded that though there are
various issues to identify such transnational crimes, the government is trying to reduce such
crimes to secure national security in Australia.