AUSTRAC has published a report Terrorism financing in Australia 2014.

The report presents a consolidated picture of the Australian terrorism financing environment – current and emerging risks and threats, the channels used to raise and transfer funds, indicators to help identify suspicious activity, and the legal and regulatory framework in place to help deter and detect terrorism financing.

According to AUSTRAC, in Australia key channels used to transfer funds for terrorism financing include:

• the banking sector
• the remittance sector
• legitimate businesses and ‘front’ businesses posing as legitimate businesses
• cross-border movement of cash and bearer negotiable instruments
• electronic payment systems, new and online payment methods
• Stored value cards and credit/debit cards
• Charities and not-for-profit organisations.