For years, Chinese authorities have loomed large over attempts to move money out of the country. Now Australian agencies are becoming equally aggressive.
Tokyo | For years, Chinese authorities have loomed large over attempts to move money out of the country, with an endless crackdown on efforts to get cash out and into Australian real estate and bank accounts.
Now there’s another consideration – an equally aggressive push from Australian officials who worry that money is flowing into the country through fraudulent mortgage applications, often made with the help of networks of accountants, brokers and investment professionals.
Latest In Asia
Fetching latest articles
Most Viewed In World
Be wary of “too good to be true” investment opportunities found on Facebook or Telegram that promise guaranteed returns, as these are almost always Ponzi or “Pig Butchering” schemes.