Senior Manager Financial Crime Risk
Two markets which have become increasingly lucrative for financial criminals are Australia’s gaming and real estate industries. According to the Financial Action Task Force, real estate accounts for 30% of criminal assets confiscated yearly. Australia has seen a 36% increase in foreign investment in real estate over the last year, with foreign investment accounting for a third of real estate transactions in 2017. China alone invested close to $32Bn in Australian real estate in 2017. This panel will discuss the emerging threat of financial crime in the real estate market, as well as the implications of incoming Tranche 2 regulations.
- Understanding the implications of emerging areas of financial crime
- Identifying early-stage risk and introducing mitigation strategies
- Looking at the impact of Tranche 2 regulatory reforms