Hon Michelle Roberts BA DipEd MLA

Hon Michelle Roberts BA DipEd MLA

Minister for Police; Road Safety

Hon John Quigley LLB JP MLA

Hon John Quigley LLB JP MLA

Attorney General; Minister for Commerce

    New powers to help police follow the money trails of criminals

    19/02/2018 6:30 AM
     
    • Increased powers to help police detect and disrupt activities of methamphetamine traffickers and other criminals
    • Amendments to give police a better chance to freeze profits before they are moved offshore
    • Changes bring WA into alignment with other Australian police jurisdictions 

    The McGowan Government is strengthening police powers to disrupt the activities of criminal syndicates by hitting them where it hurts - their hip pockets.

     

    The Financial Transaction Reports Amendment Bill 2018 will give police greater powers to detect organised crime, money laundering and other criminal activities.

     

    The changes bring WA in line with other Australian States, which gave their State police forces these powers some years ago.

     

    Under current Federal legislation, all Australian banks are already required to report cash transactions of $10,000 or more, and other suspect transactions, to the Commonwealth regulator, the Australian Transaction Reports and Analysis Centre.

     

    These new amendments give the WA Police Force greater powers to compel Australian banks to provide police with additional information relating to those transactions.

     

    This will better equip police to conduct financial-based investigations in an effort to detect organised crime, money laundering and other criminal activities.

     

    Comments attributed to Police Minister Michelle Roberts:

     

    "This is another powerful tool for police in the fight against methamphetamine and other illicit drugs.

     

    "It's one which could have and should have been brought in sooner, but instead the former Liberal National Government chose to do nothing.

     

    "These powers will help police both detect drug syndicates and other criminals, and give them a better opportunity to freeze profits before they are moved offshore.

     

    "Money is at the heart of the insidious meth trade so disrupting the cash flow of traffickers, hits them where it hurts."

     

    Comments attributed to Attorney General John Quigley:

     

    "This legislation enhances the current capability of WA Police to target money laundering.

     

    "Money laundering investigations currently rely on third party collection and dissemination of financial information, and other onerous and limited procedures to obtain documents and intelligence.

     

    "These amendments strengthen the ability of WA Police to conduct more proactive, financial-based investigations to detect the illegal activities of criminals.

     

    "They form just one part of the McGowan Labor Government's efforts to bring to justice criminals involved in money laundering, fraud and the importation of drugs into WA."

     

    Police Minister's office - 6552 6900

    Attorney General's office - 6552 6800