AUSTRALIAN POLICE BUST ML RING HIDING IN PLAIN SIGHT WITHIN CHINESE CURRENCY EXCHANGE
October 27th, 2023
The Australian Federal Police (AFP) has led a major operation to take down a Chinese-organised ML syndicate, which the AFP alleges laundered Australian dollars AUD228.8 million (USD145 million) between 2020 and 2023. It had been hiding in plain sight within a Chinese currency exchange, alleges the AFP.
An investigation involving other Australian law enforcement agencies, FIU AUSTRAC and the USA Department of Homeland Security Investigations (HSI) sparked raids across Australia, and arrests of four Chinese and three Australian nationals (all ethnic Chinese), now ...
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