In brief
- Australian police have dismantled a $123 million Queensland money laundering ring that allegedly funneled illicit cash into crypto.
- Raids across Brisbane and the Gold Coast uncovered $170,000 in crypto, physical cash, luxury properties, and encrypted devices.
- The AFP’s asset seizure taskforce restrained over $110 million in the past year, with crypto playing a key role in multiple cases.
Australian police have charged four over their alleged involvement in a Queensland-based money laundering network that is accused of moving $123 million in illicit cash into crypto.
On June 5–6, the Australian Federal Police (AFP)‑led Criminal Assets Confiscation Taskforce (CACT), alongside the Queensland Joint Organised Crime Taskforce…
