In August this year it was revealed that a major sting, coordinated by Victoria Police, the Australian Crime Intelligence Commission and AUSTRAC, caught two criminals involved in an 'eye-watering' money laundering scheme in Melbourne's east.
With Tranche 2 reforms on the way, we'll explore how this criminal enterprise manipulated financial systems, including cryptocurrency, foreign bank accounts, and ATM networks, to clean more than $63 million in just two years.
As legal practice managers, your role in combating money laundering is going to be crucial. Using a true crime approach, we'll equip you with the knowledge to protect your firm and clients from unwitting involvement in financial crimes.
Join us to learn:
- How the Liu syndicate exploited various financial channels to launder money, drawing parallels to last year's $10 billion case in Sydney.
- Key red flags that legal practices should watch for, including unexplained wealth and high-volume cash transactions
- Best practices for implementing robust AML and Know Your Customer (KYC) procedures in your firm ahead of Tranche 2 reforms.
Who should watch:
- Lawyers
- Practice Managers
- Senior Management
- Finance Managers, CFOs, CEOs, Managing Partners
