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Australia has signed the joint alliance of heads of global tax enforcement (J5) According to Kelly O & # 39; Dwyer, Revenue and Financial Services, J5, which also includes Canada, the United States, the United Kingdom and the Netherlands, would focus on cybercrime, virtual currencies and data platforms.
O & # 39; Dwyer said that the J5 would target those who allow and facilitate offshore tax crimes and disrupt organized crime syndicates who evade tax, commit tax frauds and launder the proceeds of their crime. Australia can go beyond sharing data and intelligence, reports and frameworks with international partners, "she said." They play a role in fighting tax evasion and even laundering proceeds of crime
"Extraterritorial cybercriminals also specialize in targeting Australian financial systems," he said. "Australia's participation in J5 will strengthen our response to threats offshore and technology-based financial crime. "
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