Back to All Events

Cuckoo Smurfing - 9am Session

  • Marina Mandarin 6 Raffles Boulevard, Marina Square Singapore, 039594 (map)

A Guide for Foreign Investors and Immigrants

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
  • Cuckoo Smurfing
  • Case Studies
  • Questions

When: Saturday, 29th July 2017

Where: Marina Mandarin, Singapore

Time: 9am and 2pm

Ticket Price: S$250

Bookings through SISTIC

http://www.sistic.com.sg/events/ccuckoo0717

Later Event: July 29
Cuckoo Smurfing - 2pm Session