$123M Crypto Laundering: Australia Dismantles Criminal Ring
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
In a multi-state, multi-agency operation, Australian authorities announced that four individuals had been charged for their alleged involvement in an elaborate scheme that used a security firm as a front to launder millions through crypto exchanges and third-party businesses.
$123M Crypto Laundering Ring Busted
On Monday, the Australian government announced it had dismantled a money laundering ring operating behind a security company. The Queensland-based organization allegedly smuggled cash around Australia and laundered millions of dollars from criminals over the past few years.
As a…
