The Financial Crime Forum Online Australia 19 March, 2024

The Financial Crime Forum Online - Australia - 19 March, 2024.

The first Financial Crime Forum dedicated to financial crime risk and compliance in Australia.

Australia's financial crime landscape is unlike any other. In its urban areas, particularly Sydney and Melbourne, there are concentrations of those of foreign origin like nowhere else. Tensions between groups often flare up and turf wars are far from uncommon. There is a massive influx of foreign capital and although Chinese money hits the headlines most often, parts of Europe and the Middle East are also sources of substantial inbound moneys.

The Commonwealth Fraud and Corruption Control Framework comes into effect in July this year. What challenges do Australian businesses face and how will it affect their relationships with overseas customers and suppliers?

** The Commonwealth Fraud and Corruption Control Framework - application in AUS and companies doing business with Australian companies.
Dr Hannah Harris, Research Fellow, Financial Integrity Hub, Macquarie University.

Australia has in place an unusual law - it refers to "wage theft". At its simplest it makes it an offence to underpay or not pay staff what they are entitled to. Can wage theft be seen as related to human trafficking?

** Human trafficking and wage theft - points in the same scattergram
Luke Raven, Financial Crime Specialist in banks and fintechs.

Australia's Biker Gangs - they are a useful lightning rod for criticism of organised crime and there is no doubt they are a problem. But Is organised crime, organised? The outlaw motorcycle clubs move into illicit Tobacco.

** "Is organised crime, organised? The outlaw motorcycle clubs move into illicit Tobacco."
Dr Michael King. Lecturer in Financial Crime. Charles Sturt University

(We had a tech problem with sharing screens so Dr King re-recorded his presentation with slides and that is what is included here)

Biographies are at https://thefinancialcrimeforum.com/TFCF2024/web/20240319AUS