In the past year, Turnbull has expanded the role of money-tracking agency the Australian Transaction Reports and Analysis Centre (AUSTRAC) and agreed to share financial crime intelligence with China. Today, Justice Minister Michael Keenan said AUSTRAC would start teaching the world's first university-accredited "Financial Intelligence Analyst Course" after 16 law enforcement analysts sat a pilot course. "As organised crime and terrorism becomes more sophisticated, our law enforcement and intelligence agencies need highly skilled people to fight back and protect our national security," Keenan said in a statement.
Keenan also said Australia had established a formal partnership between AUSTRAC and a host of law enforcement, tax and financial services organisations to coordinate the gathering of financial intelligence. Keenan said the "Fintel" partnership would include Britain's Financial Intelligence Unit and that AUSTRAC was in discussion with other potential international partners.