A 38-year-old man from Lurnea, Sydney, has been arrested and charged in connection with an alleged business email compromise (BEC) scam that defrauded a Northern Territory government agency of approximately $3.5 million.
The AFP will allege that the man dealt with the proceeds of crime, which carries a maximum penalty of 12 years’ imprisonment.
However, thanks to quick action and preventative measures taken by the bank involved, $3,571,760 of the allegedly stolen money was recovered.
The bank, identified as ANZ, is working closely with industry, government, and law enforcement agencies to detect and stop these scams.
The head of financial crime threat management, Milan Gigovic, stated that the bank’s financial crime team is proactively collaborating to prevent harm.
The suspect has been granted conditional bail and is scheduled to appear before Campbelltown Local Court on September 17, 2025.
Members of the public with information related to this case are encouraged to contact the authorities.