Four arrested for allegedly targeting Early Release of Super Scheme
Date published
May 2020
Relevant impacts: Human Impact and government outcomes impact
Four people have been charged by the Australia Federal Police (AFP) for allegedly submitting false claims to gain early access to superannuation savings. This scheme is designed to assist members of the community who are in severe financial hardship. They were arrested by the AFP’s Anti-Fraud Taskforce Iris following a referral from the Australian Taxation Office-led Serious Financial Crime Taskforce.
Related fraudster personas
Related countermeasures
Authenticate customer or third-party identities during each interaction to confirm the person owns the identity record they are trying to access.
Limit access to sensitive information and records.
Apply limits on requests, claims or processes, such as maximum claim amounts or time periods. Enforce these limits using IT system controls.
Automatically notify clients or staff about high-risk events or transactions. This can alert them to potential fraud and avoid delays in investigating and responding to fraud.
Fraud detection software programs automatically analyse data to detect what is different from what is standard, normal or expected and may indicate fraud or corruption.
Collaborate with strategic partners such as other government entities, committees, working groups and taskforces. This allows you to share capability, information and intelligence and to prevent and disrupt fraud.
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