- Operation Protego is an ATO-led investigation into large-scale GST fraud promoted on social media
- Fraud involves inventing a fake business, lodging a fraudulent ABN application, and submitting fictitious BAS for false GST refunds
- Serious offenders are referred to the ATO-led Serious Financial Crime Taskforce
- ATO warns against fraud schemes on social media and advises those involved to come forward
- ATO has sophisticated risk models and works with other organizations to detect fraud
- SFCT brings together law enforcement and regulatory agencies to address serious financial crime
Source: ato.gov.au
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
