AUSTRAC estimates the cost of Financial Crime is up to an estimated $1.6 trillion dollars worldwide each year and the Australian Government's latest risk assessment has labelled financial crime as a National security threat. With the ACC estimating organised crime costing Australia $15.2 billion a year and identity fraud costing Australia $1.6 billion per year, it is time to join the fight against Financial Crime and prepare your institution to withstand these alarming threats.

As money laundering techniques employed by organised crime groups and criminals can vary depending on access to professionals, financial skills, nationality and depth of contacts in foreign jurisdictions, each financial crime can range from simply purchasing assets in a family members name to engaging in complicated international transfers and cash remittance services. Australia’s Regulators, Enforcers, and Financial Crime experts must work together to put a halt to these offenders and carefully implement risk assessment methodology in order to properly act upon the warning signs before these crimes take place.

With this in mind, IQPC is proud to announce the 2nd Annual Australian Financial Crime Summit in association with ACAMS Australasian Chapter, combining expertise from AML/CTF, Anti-Bribery & Corruption, Fraud, and Regulatory industries to create an all encompassing event that caters to everyone under the Financial Crime umbrella. Get the best practice advice on your AML compliance plan and absorb priceless information on recommendations for reporting financial crimes both internally and with third party providers.

http://www.financialcrimesummit.com.au/