Expat Australia News

Latest 10 news items tagged Australia

24 Oct at 6 PM 2014

How to avoid the fees and frustrations of conventional currency exchange

One of the most trying aspects of living overseas is currency transfer between your home country or offshore bank account and your account in your host country. Whether you’re retiring overseas, working for a company which pays salaries from the UK, freelancing, or just touring around the places you’ve always wanted to see before you make a decision about permanent residence, the stress and expense of currency transactions is often a negative experience. However, new technologies and several innovative start-ups are about to...
23 Oct at 6 PM 2014

Expats in New Zealand falling foul of cold calling and overseas investment scams

Following on from reports of vastly increased numbers of financial scams in Europe, the Gulf States and Asia, today’s warning to citizens and expats by the Kiwi Financial Markets Authority (FMA) comes as no big surprise. Expats across the world are now being ripped off via an unprecedented number of financial fraudsters lurking in expat communities. The majority of those targeted are older expats and retirees, and pension pots and life savings are more at risk than ever before. The FMA’s action comes as a result of an...
23 Oct at 6 PM 2014

UAE recognition of overseas medical degrees results in more health professionals

The UAE’s new unified professional qualification requirement scheme came into force earlier this month, and has resulted in a larger pool of qualified medical professionals in Emirati hospitals. The new requirements now recognise international medical degrees from a number of countries worldwide, and are attracting experienced expat healthcare workers at all levels to UAE hospitals and clinics. Senior healthcare officials have announced that the UAE-wide laws are aimed at increasing the quality standards of those working in...
22 Oct at 6 PM 2014

Survey results shock reveals pension fraudsters targeting retirement savers

The results of a recent survey prove that increasing numbers of pension liberation crooks are operating onshore and offshore, defrauding retirees confused about the new pension rules. The research, undertaken by financial firm Fidelity, revealed that 66 per cent of retirement savers are still uncertain about their rights under the new legislation. In spite of massive publicity since the April budget announcement, understanding of the ‘over 55’ rule is still causing problems and leaving savers at risk from scammers and massive tax...
20 Oct at 6 PM 2014

Con man operating Marbella coloured diamond scam jailed for four years

A gang of fraudsters who targeted UK pensioners living along Spain’s Costa del Sol in a coloured diamond scams are now all behind bars. The gang of six, masterminded by Liverpudlian Adam Simmonds, operated a boiler room–style scam in the retirement hotspot of Marbella, hitting on unwary pensioners with offers of ‘rare’ coloured gemstones at hugely inflated prices. The pracitcally valueless diamonds were touted as an investment through the gang’s company, No 1 Gemstones. Thousands of retiree Brits were cold-called with the...
17 Oct at 6 PM 2014

Female expat in Spain accused of property fraud still on the run

Whilst most expat attention nowadays is focused on how to avoid financial fraud, a British expat is on the run in Spain after being accused of a long-term rental property scam. Many expats don’t realise that life in paradise can swiftly turn to life in hell, often with the assistance of seemingly trustworthy business people from their own home country. Rebecca Wells, a keen horserider from the UK, provides a perfect example of the kind of helper no-one needs, having gone on the run after being accused of property fraud. Wells...
16 Oct at 6 PM 2014

Christchurch rebuild halves emigration from New Zealand South Island

Ever since the rebuild of earthquake-devastated Christchurch began, Kiwi expats have been returning to help, with nationals who’d planned to migrate also joining in the reconstruction of their much-loved city. Migration from New Zealand’s South Island has almost halved during the past two years, with locals joining with incomers from overseas. Everyone wants to be a part of of the rebirth of a city, with experienced expat construction engineers, experts and craftsmen in the building trade all working hand in hand whatever their...
15 Oct at 6 PM 2014

Irish con man in Spain outed by sharp eyed expat pensioner

An Irish conman who preyed on wealthy widows and pensioners has been outed on the Costa del Sol by a sharp-eyed 71-year old who’d met up with him via an online dating site. 60-year old Sean Whelan’s seductive online and offline charms had already cost a Florida woman her life savings of around £70,000 after they’d met on another dating site in 2007. The slick fraudster flew to Florida, proposed marriage, then offered to invest her savings in a Mauritius bank but fled back to Dublin with the cash. Presumable down to his last...
15 Oct at 10 AM 2014

Europe set to take over from Middle East as expat bonus hub

Although the Gulf States have traditionally attracted the majority of expat professionals due to generous bonuses, Europe is set to take over the rewards crown. Today’s expanding Western-based bonus culture is the result of a recovery from the devastating effects on international companies of the 2008 financial crash. The tightening of corporate belts and the disappearance of many investors meant bonuses were drastically cut or disappeared altogether. Recent research has shown that Europe is likely to be the first world region...
15 Oct at 10 AM 2014

UK FCA sets up website to help investors identify financial scams

As part of yet another warning against financial scammers, the UK’s Financial Conduct Authority has set up their Scamsmart website in order to help unwary investors identify cold-calling fraudsters . The website was developed using monies recovered from the criminal element operating within the financial advice sector, and concentrates mainly on cold-calling by fraudulent FAs. Online redirections send investors to the authority’s scam alert list of dodgy operators of cloned companies and unregistered advisors with a murky history....