Intelligence Model in Australia
Introduction
An intelligence mode is a well set and recognized plan within an organization or agency that is used for establishing perfect directions, formulating prioritized and defendable resourcing decisions Agate M, “Model Decree on the Financial Intelligence Unit,” 2016. Mostly intelligence models are made to collect information about a particular subject, analyze the results, and track any criminal offenses like tax evasion and money laundering. This business unit only handles reports to do with cash transactions of a $10000 or more and foreign money of such a value. And international funds transfers. In this paper, I will focus on giving details about the general intelligence model community of Australia, particularly AUSTRAC (Australia Transaction Reports and Analysis Centre). General understanding of the unit like the strengths, facts, and weaknesses. Alison Broinowski, “Australia as Model or Moral,” Double Vision: Asian Accounts of Australia, 2011
What I understand about AUSRAC (facts, strengths, and weaknesses)
The AUSTRAC is Australia’s financial intelligence body that collects data from numerous organs that it oversees. The financial analysts in this unit utilize that data to identify financial transactions connected to crimes like tax evasion, terrorism financing, and corruption organized and maybe laundering of money. Paul, “Financial Intelligence Unit,” 2016. These results/findings are then shared among numerous domestic and global partner agencies. This is to enhance enforcement of law and security and help security agencies to detect and disrupt criminal activities in the country and other parts of the world Paul Latimer, “Australia: Australian Transaction Reports and Analysis Centre (AUSTRAC),” Journal of Financial Crime 3, no. 3, (2015). This financial unit plays a significant role in the national intelligence and facilitates government partner’s investigations at the state level and federal level. It usually shares the intelligence reports with the government to help it detect and disrupt criminal attempts. It also shares the information with agencies of the government that have no direct access to the (FIU) database and who may deserve specific data to facilitate their investigations. Anderson, “Model Decree on the Financial Intelligence Unit,” 2016. Don't use plagiarised sources.Get your custom essay just from $11/page
Internationally, AUSTRAC shares financial intelligence with other international agencies and regulators all over the world to help them reduce the laundering of money and economic terrorism in the borders. It negotiates written agreements with very foreign jurisdiction or unit to help them establish the framework for how the information will be shared among international organizations or authorities. This financial unit also performs data matching with other partner agencies to assist track persons under investigation. For instance, there is data matching between the Australia Tax Office and AUSTRAC to detect citizens who may be evading tax. Frank Cain, “Intelligence writings in Australia,” Intelligence and National Security 6, no. 1 (2014)
About the strengths of FIU, I know that it is capable of tracking numerous crime related attempts, money laundering, individuals who evade tax payment, and cases of exploiting children both domestically and internationally. For the strengths, I am not particular about any, but I think this financial intelligence unit faces some irrelevant information, I think some private partners may not portray a high degree of integrity. At some points, FIU may be impacted by political stabilities. Italo Borrello, “Financial Intelligence Unit (FIU),” Italian Banking and Financial Law: Supervisory Authorities and Supervision, 2014.
Open-source intelligence (OSINT)
OSINT is information gathered from sources available publicly to be utilized in intelligence context Agate M. Ponder-Sutton, “The Automating of Open Source Intelligence,” Automating Open Source Intelligence, 2016. It is the collection and analysis of data collected publicly to help in national security, enforcement of law, business intelligence roles. It is of use to analysts to answer classified or unclassified questions in different intelligence operations. Its sources include the media print, like newspapers and radios across the country; the internet, online publications, and discussion groups; free government information like budgets, press conferences, and commercial information like the assessment of industries and database and Grey literature, technical reports, and business papers. Fred, “Automating Open Source Intelligence,” 2016.
I suggest various techniques to be used in the collection of data, and these are; detecting surveillance like observing targets, interception of communications like monitoring of calls and emails, and coveting human intelligence agents. Lakshman Bulusu, “Data Warehousing and Business Intelligence: An Open Source Solution,” Open Source Data Warehousing and Business Intelligence, 2012.
Conclusion
In conclusion, all these intelligence units work towards similar obligations, basically tracking of financial trends and transactions in various organs both domestically and internationally. All this is done to ensure the compacting of crime rates like laundering of money and more finance-related issues.
References
Agate M. “Model Decree on the Financial Intelligence Unit.” 2016. doi:10.14217/9781848599444-17-en.
Anderson. “Model Decree on the Financial Intelligence Unit.” 2016. doi:10.14217/9781848599444-17-en.
Borrello, Italo. “Financial Intelligence Unit (FIU).” Italian Banking and Financial Law: Supervisory Authorities and Supervision, 2014. doi:10.1057/9781137507532.0016.
Broinowski, Alison. “Australia as Model or Moral.” Double Vision: Asian Accounts of Australia, 2011. doi:10.22459/dv.05.2011.10.
Bulusu, Lakshman. “Data Warehousing and Business Intelligence: An Open Source Solution.” Open Source Data Warehousing and Business Intelligence, 2012, 17-32. doi:10.1201/b12671-2.
Cain, Frank. “Intelligence writings in Australia.” Intelligence and National Security 6, no. 1 (2014), 242-253. doi:10.1080/02684529108432100.
Fred. “Automating Open Source Intelligence.” 2016. doi:10.1016/c2014-0-02170-3.
Latimer, Paul. “Australia: Australian Transaction Reports and Analysis Centre (AUSTRAC).” Journal of Financial Crime 3, no. 3 (2015), 306-307. doi:10.1108/eb025729.
Paul. “Financial Intelligence Unit.” 2016. doi:10.14217/9781848599444-5-en.
Ponder-Sutton, Agate M. “The Automating of Open Source Intelligence.” Automating Open Source Intelligence, 2016, 1-20. doi:10.1016/b978-0-12-802916-9.00001-4.