These reports reveal why we should care about money laundering apart from the fact that our real estate market has been awash with ‘Black Money’ from money launderers lured by the reward of Permanent Residency … and the consequences of a whole Cohort of Australians locked out of home ownership in Australia!
FinCEN files reveal suspicious transactions were waved through despite red flags
By the International Consortium of Investigative Journalists
Posted and updated 21 September 2020
Banks moved more than $2.7 trillion in payments they believed were suspicious over 18 years
Some of the biggest banks in the leaked files continued to wave through suspect payments despite promises to government authorities to improve money laundering controls
Donald Trump’s former campaign manager Paul Manafort features in the documents
And then it seems from this article that all is not revealed about what went on pre Covid-19!
Through visa manipulation a vast range of temporary visas allowed the holder to buy Australian Real Estate to gain a Permanent Resident Visa!
And with a mere 160,000 permanent migrants outnumbered by Temporary Visa holders, for example, in May 2019 their numbers surged past 2.3 Million
And many were lured here esp. those from our Big Neighbour to the North when they bought our real estate to gain a PR Visa and Medicare benefits!
Further, the property sector esp. over the past decade were unable to build the supply to keep up with the ‘foreign demand’ for our housing which may also explain why much of our housing was poorly constructed …
AGAIN it would seem the property media is spinning … somewhat … in saying that ‘the large majority of temporary migrants will not be purchasing a home in Australia; they rent’
BECAUSE those seeking to buy a ‘new home’ can do so on line through e.g. Juwai and gain a ‘PR Visa’ … they are no longer on a Temp. Visa …
This PR Visa has long been the lure.
They can also purchase through a Proxy Buyer, they can buy several homes, and they can launder ‘black money’ in our real estate because the Real Estate Gatekeepers are exempt from the second tranche of the AML legislation!
Martin North has said there will be a 30 to 40% fall in apartment prices due to the collapse of this Ponzi …
Who were all these high-rise apartment precincts scattered all over Sydney built for? … cough … cough … this high-rise demand was not there prior to the Visa manipulation that has taken place …
WILL there be an opening for a return to building homes for aspiring Australian First Home Buyers? That would boost our economy …
Read more from the Property Spin then search CAAN WEBSITE to learn more!
Are they so devious along with the support of a compliant media … and with their obsession about returning to normal … it ain’t happening for a long time … if ever!
They don’t like what we are seeing … their business model is haemorrhaging; they have a conga line of developers, University V-Cs, tourism and airline lobbyists, car sale dealers, even high fashion magazine publishers and retailers into them 24/7 ..
IS Australia set to offer HongKongers Visas? Will the Protesters get a look-in?
SHARE the following comment because we too were equally alarmed!
How many, or would that be ‘how few Hong Kong Protesters’ would be offered these Tiananmen Visas … as they are bundled off to gaol ??
SELECTED COMMENT ON THE SMH REPORT:
“Coalition hard right arch conservative backbencher, Kevin Andrews was on the ABC spruiking this thought bubble and I was gobsmacked at the logistical and economic consequences of his delusions.
He quoted a figure of 100,000 to 200,000 young Hong Kongers coming to Australia where they would be able to ‘go to university’ and enjoy the warmth of Australian compassion for refugees of all ethnicities and religions.
Fanciful stuff during a pandemic travel embargo, and where foreign students are expected to pay upfront and be able to support themselves and where there is an unemployment explosion amongst young people here in Australia.
The rich older folk with British passports could go to England, and if you read the Chinese Global Times, this move will be another nail in the coffin on any Australian economic recovery.
Why do they keep shooting themselves in the foot when they haven’t shown any compassion for refugees from other parts of the world in much greater need and when Andrews as Immigration Minister cut the intake of refugees from African countries because ‘some groups don’t seem to be settling in and adjusting to the Australian way of life.’
“AND … this is what CAAN wrote about this outrageous proposal!
NSW INC says ‘Have Your Say’ … but is that where it ends? Cough … cough …
CAAN Photo 21 June 2020
What happened to the thousands of community objections and calls to turn the former IBM site in West Pennant Hills, the Blue Gum High Forest and the Cumberland State Forest into a National Park to benefit everyone, and create more jobs?
CAAN Photo 21 June 2020
WHO are the series of apartments and ‘micro-lot housing’ being developed for?
Surely not for more CCP party members who can fly in on the Pegasus? Those from Hong Kong or the sub-continent with its 1.3 Billion People?
But … but … but you can’t say that! It just so happens that Harry and his Mates have made it so … as the Top End of Town keep our Wages Down … down … down …
That’s how they like it … with Visa workers too … so hushed and willing to seek Permanent Residency …
Among the infamous quotes from HT are these! Just substitute ‘Chinese’ for ‘Overseas’ …
“The problem with Australians is they are very slow. They ask their lawyer, they ask their financial adviser, they ask their family, they ask everybody.The Chinese don’t ask anybody, they come off the plane, buy their unit and go.”
“China has more than 1 billion people, and they love Australia. I think they love Australia as much as we love Australia. So there will always be enough of them that will buy.”
THE consequence was that ‘The Supply’ could not meet ‘The Foreign Demand’ … so now within ‘the proposed major changes to Foreign Investment’ … none are to be had for ‘real estate’ … of course!
AND there are millions … even billions of ‘foreign buyers’ for these high-rise boxes, townhouses, duplex … more fridges, washing machines to fly off the floor … and more tolls to be paid …
AS it becomes more difficult for Australians to keep or get jobs POST the Wuhan Pandemic of the CoronaVirus
IT makes a lota sense to the Top End of Town …
Protecting Your Suburban Environment spokeswoman Jan Primrose said the damage this development will cause to the Blue Gum High Forest and the Cumberland State Forest will be “irreversible”.
Demolishing an employment precinct capable of carrying over 2,000 people for the sake of 300 short term jobs with no ongoing employment does not make economic or social sense.”
WILL the Outcome from the CV Pandemic be a Return to a Sustainable Multi-Cultural Migrant Intake from across the Globe?
Because these ABC journalists, Bang Xiao, Christina Zhou and Iris Zhao wrote this report, ‘How the coronavirus pandemic could shift the multicultural make-up of our society’.
WITH Australia having the highest concentration of international students … did anyone … including foreign students ponder how long this could continue with a majority of overseas students occupying places in Australian Universities?
DUE to the Pandemic it has come to a head perhaps sooner … whereby the PM has had no alternative but tosuggest they ‘go home’!
Was there not a similar unpleasant response across the globe? With a World-wide Recession underway? Resembling that of the Great Depression of the 1930s ….
Were these students unaware that in their large numbers they have replaced Australians by paying full enrolment fees?
That these students have been ‘cash cows‘ to fund our Universities due to Government withdrawal of funding?
Numerous reports have been issued concerning the impact of a large cohort of International Students with:
-disruption to lectures due to some students having poor English language skills
-cheating; lowering of standards
-less places for Australian students
-high Australian youth unemployment and underemployment with increased competition from student/visa workers
Prior to the pandemic unemployment and underemployment was at 19.7%, and for years, the Labor opposition, unions, economists and others have been urging the government to increase ‘Newstart’ which was below the poverty line. With it being rebadged as ‘JobSeeker’ the payment was increased but it is due to return to below the poverty line rate in September!
Many Australians have lost their jobs, and many more may lose the security of their homes due to the Pandemic … so the Government does need to look after its citizens first!
Due to trade, tourism and the Australian property market largely targeting China, Australia no longer appears to be so ‘multicultural’ … this concentration has intensified since 2013 …
Perhaps it would be good to diversify esp. with the threats coming from China, and those with vested interests?
It would seem that Australian Universities need to demand government funding to ensure security of intelligence and R & D esp. since the cyber attacks on data at the ANU! And the interference from Confuscious Institutes … an example being the UQ and its suspension of Philosophy Student, Drew Pavlou.
View this report: ‘ UQ management “tip of the iceberg of a totally corrupted system” ‘
and Search CAAN Website for more about Drew Pavlou and the University of Queensland.
ONCE again it is put that in Australia not rendering financial support to international students that this may discourage future enrolments, and a loss of the alleged fourth largest export sector.
HOWEVER, Macro Business questioned the veracity of a $37.6B contribution to our economy supporting 240,000 jobs following a media release by Education Minister Dan Tehan in November 2019 that education exports had grown by $5B in 2018-19. Further, that the ABS found the sector had grown by 15%.
BUT what is not mentioned are tuition fees and expenses while studying in Australia and their goods and services of $20B that they pay for from working in Australia as they study outweigh enrolment fees of $15B in 2018.
‘International students work here to pay for their living expenses just as Australian students do!‘
IT has been the lure of ‘Permanent Residency’ that has enticed the majority of these international students.
Now the Pandemic has been a cruel blow! But not only for International Students but Australians with many unable to gain a place at University …
Prof. Salvatore Babones’ research (August 2018) reveals that Australia has the highest concentration of international students; with the UK and Canada following
Total overseas student enrolments increased to 918,000 including 435,000 enrolled in Universities.
Overseas students accounted for more than 80% of some of Queensland’s most popular university courses
-foreign students filled some 75% of places in key university courses
-occupy 82.4% of places in IT courses at University of the Sunshine Coast; 2 thirds of places at James Cook and University of Southern Queensland
-at UQ in exchange for selling places to Chinese students it gains $250M a year
-overseas students outnumber Australian students in IT, management and commerce courses
CIS Emeritus Professor Steven Schwartz, a former vice-chancellor of Macquarie University in Sydney and Murdoch University in Perth, said foreign students flock to courses likely to lead to jobs and permanent residency, such as IT and management.
“Permanent residency is one of the main motivations to study in Australia,’’ he said.
“If suddenly permanent residency was given to people who study poetry, it’s likely they’d all be doing poetry.”
SO next time you hear of an Australian politician extolling the benefits of an alleged $37.6 B International Student Export Industry update them on what is really happening!
Read more: ‘The uni courses being taken over by foreign students’
Cash-hungry universities are offering more places to fee-paying foreigners than to local students in 64 courses nationally, data obtained exclusively by The Courier-Mail reveals.
FOR years … decades … Australians have been subject to callous treatment by politicians and Liberal Coalition Governments with WorkChoices by Stealth; the casualisation of the workforce; competition from Visa workers for jobs (introduced by Howard Govt)
Come September those Australians in receipt of JobSeeker (previously known as Newstart) will have this payment cut to return to below the Poverty Line!
PRIOR to the Pandemic Unemployment had reached 19.7 %
No doubt there is even more hardship to be experienced across Our Society … unbeknowns no doubt to many … with the Morrison Government only announcing in 2019 of its cut to migration to 160,000 as it overlooked the 2.3 Million Temp. Visa holders in the country …
Yet the 2019 Budget estimates reveal high levels of net overseas migration (NOM) to rise to 263,000 in 2022.
Will the Morrison Government put Australian workers and jobs first and desist with the high temporary migrant visas of some 2.2 , or 2.3 Million p.a.??
Hence even more competition for jobs, housing, and lowering of living standards … for the incumbents …
ASK why demographers like Liz Allen deliver this message that Australia would be:
“economically and culturally poorer” as a result of near-zero international migration due to border lockdowns.
WHEN our Unemployment is at 20% (or more), and with largely people from China targeted for migrant intake where is the cultural diversity? Australians are now enjoying a reprieve from traffic gridlock, the crush in schools, buses and trains, and would prefer the lockdown to remain!
LIZ Allen perhaps ought contemplate … Liz ought to get around … and see for herself the demographic change across Sydney in Chatswood, Macquarie Park, Epping, Ryde to name a few and contemplate how this may impact Australians when they are now in a minority? What of job opportunities for Australians within this demographic change?
To find that all shopping malls, shopping strips, restaurants, cafes, the businesses, and shopping centre seating are taken over by new ‘Permanent Residents’, and some even speak to Australians in an authoritarian manner! As where we live is rezoned for higher density, ‘new homes’ sold by developers to these overseas buyers … and so on!
During this Pandemic despite the ‘Social Distancing’ signage many of these people disregard the guidelines and walk up behind in groups too close to Australians in their midst!
HOW discriminatory is that? Some Australians may be annoyed by this …
LET alone the facts of very poor even KRUPT Government policy allowing such overseas Visa holders to buy our Real Estate with ‘hot money’ … as many as six ‘new homes’ on a Guardian Visa … etc, etc …
The Real Estate Gatekeepers having been made exempt from Anti-money Laundering Laws in October 2018 by the Morrison Government.
WHY does Liz Allen say that ‘Australia desperately needed migrants to stay and contribute to maintaining the economy, and, in time, rebuilding after the pandemic passes’ ? WHEN Australia already has 20% plus Unemployment?
WHOSE interests does Liz Allen represent?
FOLLOWING the devastation of the Pandemic what country if any, is likely to offer better options?
Liz Allen continued to beat up Australians with her emphasis on ‘White Australia policy sentiments’ which bears no resemblance to the multi-cultural society that we have had until the past seven years …
IN regard to the matters we have referred to it would appear that in fact contrary to Ms Allen that Australians have borne the brunt of very poooor government policies.
That since the advent (some would say the onset) of the Liberal Coalition, living standards, quality of life, lowest wages growth for 60 years, and insecure work, unaffordable housing etc, etc … that let’s hope the Australian Government does focus on keeping Australians in work and business now and beyond the CoronaVirus!
Read more from this article: ‘How the coronavirus pandemic could shift the multicultural make-up of our society’.