Australia – China Cooperation on AML

As part of the cooperation efforts between Australia and China, the Australian authorities managed to seize three properties from a Chine national.

The landlord was a 32-year old Chinese who was using an assumed name and is known to have relocated to the Caribbean (as per reported information).

After the seizure, the properties (a two- bedrooms apartment, a house and a local supermarket) will be auctioned and the profit will be collected for supporting law enforcement activities.

The assets were frozen in November, and the Supreme Court of Victoria ordered the forfeiture of the three properties earlier June.



Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker