10 Jul 2017, 9am
10 Jul 2017, 10am
What is it about?
Australian authorities have embarked on seizing the lawfully earned money of people who had intended to immigrate to Australia or invest in Australia. These people became victims of cuckoo smurfing, a money laundering method used by organized crime which involves the interception of funds sent by a victim to Australia and the substitution of that money with drug money which is deposited into their account. Other victims of cuckoo smurfing include companies sending money to Australia to pay for goods and services exported from Australia, funds sent to pay for real estate in Australia and parents and families sending money to children and relatives in Australia to pay for education or living expenses.
Who should attend?
Any person who advises clients on investing in Australia including in real estate, bullion or equities and any person who advises clients on immigrating to Australia. Singapore companies doing business with Australia or any firm that provides legal, accounting or investment advice for any of those companies is recommended to attend this information session.
Content of Seminar
Australia’s Financial Intelligence System
Australian Federal Asset Forfeiture Framework
Approximately 3 hours
Rating / Age Limit
- No admission for infants in arms and patron below 18 years old
- Patron 18 years old and above must purchase a ticket for entry
- Admission is subject to tickets produced at the entrance
Photography / Video Recording Rules
- No Photography, Video recording and Audio recording is permitted for this event
Profile of Key Speaker – Chris Douglas
Chris Douglas is the owner of Malkara Consulting, a consultancy that specialises in the provision of training and advice in relation to money laundering, terrorist financing, corruption and bribery and financial investigations. He is a former Australian police officer who served for 31 years with the elite Australian Federal Police (AFP), Australia’s national police agency. The AFP operates within Australia and internationally in cooperation with partner agencies.
Having worked in intelligence and operational units involved in the investigation of drug and human trafficking, corruption, organised crime and fraud, he has extensive experience in the investigation of money laundering and in the conduct of financial investigations including the tracing and recovery of funds laundered of shore. In 2003, Chris worked for the Australian Taxation Office teaching law and practice to the accounting and business sectors in Australia. In 2014, he worked in the Financial Crime Services area of the National Australia Bank Ltd, reviewing their Anti-Money Laundering & Counter Terrorism Financing (AML.CTF) policies. He also designed and delivered training on money laundering, corruption, sanctions, terrorist financing and fraud to over 300 bank staff.
Chris is also a consultant to the United Nations Office on Drugs and Crime. And is a Director of an African company engaged in providing advice and training on financial crime.