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Annex B: Unexplained wealth investigations and proceedings annual report 2019–20

Section 179U of the Proceeds of Crime Act 2002 (Cth)

Pursuant to section 179U of the Proceeds of Crime Act 2002 (Cth) (POCA), the AFP provides the following information about unexplained wealth investigations and proceedings for the year ending 30 June 2020:

a) The AFP is not currently investigating any matters of which a likely outcome may, or will, be the initiation of proceedings under Part 2–6 of the POCA.

The final decision regarding under which part of the POCA proceedings are commenced is made after an assessment of the investigation, completion of financial analysis, related legal considerations, and advice in accordance with paragraphs 4.2 and 4.7 of the Legal Services Directions 2017 (Cth).

b) No new applications were made for:

  1. restraining orders under section 20A of the POCA
  2. unexplained wealth orders.

However, the AFP continues to actively litigate three unexplained wealth matters.

c) There is no other information relating to the administration of these regulations.