INTHEBLACK

Crime By Numbers: How criminals launder money through today's networks

INTHEBLACK

Show Notes

This publication provides general information only and is not legal or professional advice. CPA Australia gives no warranties as to its accuracy, completeness or suitability and disclaims all liability for reliance on it. Listeners should seek their own independent advice for their circumstances. Ever wondered how criminal money moves through today's financial systems?

The answer is more complex today than ever before.

This episode explores the networks, tactics and technologies reshaping money laundering across the world.

From romance scams and money mules to crypto and the metaverse, gain practical insight into how organised crime adapts to digital finance and global markets.

You will learn:

How money mules are recruited and used in laundering operations

Why romance scams are still one of the fastest-growing financial crimes

How hawala dealers move money across borders without physical transfers

The role of jewellery, food, real estate and sport in laundering activity

Why cryptocurrency is creating new compliance and detection challenges

How criminals are exploiting virtual worlds and the metaverse

Listen now.

Host: Jacqueline Blondell, editor, CPA Australia

Experts:

Kris Wilson, from the Australian Federal Police's Joint Policing Cyber Crime Coordination Centre

Brendan Thomas, AUSTRAC CEO

Dr Milind Tiwari, senior lecturer the Australian Graduate School of Policing and Security at Charles Sturt University in Canberra

Geoff Peck, a former fraud squad detective with Victoria Police's major Fraud Group, and managing director Forensic & Integrity Solutions

For more, head to the Australian Institute of Criminology website. Need help with your AML/CTF obligations? AUSTRAC and CPA Australia have a host of resources.

Stay tuned for episode three coming soon where we look at the new gatekeepers being recruited to join the fight against money laundering.

Loving this episode?

Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. https://www.youtube.com/@CPAaustralia/podcasts

And don't forget to click subscribe to the channel for a wide range of content that will help your career.

CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting:

With Interest https://www.cpaaustralia.com.au/tools-and-resources/podcasts/with-interest

INTHEBLACK https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack

INTHEBLACK Out Loud https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack-outloud

Excel Tips https://www.cpaaustralia.com.au/tools-and-resources/podcasts/excel-tips

Search for them in your podcast platform. Email the podcast team at [email protected]

Chapters: 00:00 Disclaimer 00:20 Could the metaverse and crypto become the next money laundering frontier? 00:43 Welcome to Crime by Numbers Episode 2 01:18 How do fake businesses, cash and invoices help launder money? 02:23 Why are accountants, lawyers, and gold dealers money laundering gatekeepers? 03:36 What is Hawala, and how does it move money without crossing borders? 05:22 How is soccer used for money laundering? 05:53 Why is the food industry vulnerable to money laundering and food fraud? 08:31 What crimes most commonly drive money laundering in Australia? 10:03 What is a money mule, and how are people recruited? 13:34 Why are crypto ATMs a growing money laundering risk? 14:40 Why does cryptocurrency make money laundering harder to detect? 15:26 How could the metaverse enable money laundering in the future? 16:54 What's next: who are the new gatekeepers fighting money laundering?

More from INTHEBLACK

Oct 22, 2026

When was the last time you had a work disagreement? How was it for you?

Oct 6, 2026

CFOs can learn a lot about pricing and leadership from Costco.

Sep 29, 2026

Technical expertise can produce exact numbers. However, communicating what those numbers mean is a different, but incredibly valuable, skill.

Sep 15, 2026

Change is the one constant in today's work landscape. This episode sparks fresh ideas on leading people through change without losing their trust or buy-in. Expert guest Richard Gerver – who has worked with Google and Deloitte and will speak on Leading Humans Through Continuous Change at CPA Congress 2026 – looks at why restructures so often fail on the human side, not the technical one. He explains why: Asking questions beats presenting answers Change works better when people have ownership of it Organisations need to move from "managing change" to becoming comfortable with continuous change Leaders should unlock the ideas and potential already inside their organisation Psychological safety and leader vulnerability are essential to innovation Resilience isn't about asking people to cope with more, it's something leaders help build If you're leading a team through a restructure, a system migration or AI adoption, this conversation reframes resilience as something you build deliberately, not something people simply have or don't. Give it a listen this week. Host Tahn Sharpe, INTHEBLACK Editor, CPA Australia Guest: Richard Gerver, award-winning change and leadership speaker with a background in education, innovation and human potential For more information on Richard Gerver, head online to his international speakers bureau page. Richard will speak at CPA Congress 2026. Loving this episode? Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. https://www.youtube.com/@CPAaustralia/podcasts And don't forget to click subscribe to the channel for a wide range of content that will help your career. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting: With Interest https://www.cpaaustralia.com.au/tools-and-resources/podcasts/with-interest INTHEBLACK https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack INTHEBLACK Out Loud https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack-outloud Excel Tips https://www.cpaaustralia.com.au/tools-and-resources/podcasts/excel-tips Search for them in your podcast platform. Email the podcast team at [email protected] Chapters: 00:00 Richard Gerver on leadership vulnerability and empowering teams 00:29 Introduction to Richard Gerver, change leadership expert and educator 01:27 How Richard Gerver transformed a failing school through empowerment 04:54 Employee empowerment vs top-down change management 06:15 Why continuous change is the new normal for leaders 10:51 How to get employee buy-in for organisational change 13:00 Leadership, psychological safety and encouraging innovation 16:58 Resilience, failure and learning in a changing workplace 20:29 Leading humans through change, AI adoption and ERP transformation 22:25 Richard Gerver's advice for finance leaders managing major change projects 23:41 Key takeaways and CPA Australia Congress 2026 preview

Sep 1, 2026

What does responsible leadership look like when short-term performance still matters? This episode explores stewardship as a practical approach to balancing profit, purpose, stakeholder interests and long-term value. Key learnings include: What stewardship means in today's leadership environment Why organisations are shifting from short-term thinking to long-term value creation The connection between purpose, values and leadership effectiveness How leaders can build cultures of accountability and responsibility Balancing stakeholder expectations in a complex world Practical actions individuals can take to become better stewards in their own roles This podcast aims to help leaders understand how a stewardship mindset can drive both sustainable business success and meaningful societal impact. Tune in now. Host: Patrick Viljoen, ESG Lead, CPA Australia Guest: Rajeev Peshawaria, CEO of Steward Leadership Institute and an internationally recognised author, speaker and leadership expert whose work has challenged executives around the world to rethink the purpose of leadership and the role of values in driving sustainable success. You can find more about Steward Leadership Institute on LinkedIn. Loving this episode? Listen to more INTHEBLACK episodes and other CPA Australia podcasts on YouTube. Head to our podcast page CPA Australia - YouTube And of course, click subscribe to the channel today. We deliver regular content that will help boost your career skills and capabilities. Additionally, INTHEBLACK online has stories on everyday ethics issues. CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting https://www.cpaaustralia.com.au/tools-and-resources/podcasts INTHEBLACK https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack INTHEBLACK Out Loud https://www.cpaaustralia.com.au/tools-and-resources/podcasts/intheblack-outloud Excel Tips Excel Tips | CPA Australia With Interest https://www.cpaaustralia.com.au/tools-and-resources/podcasts/with-interest Search for them in your podcast platform. Email the podcast team at [email protected] Email the podcast team at [email protected]

See all episodes →