Australian Money Laundering Scheme Busted: A$190M Converted to Crypto
- Four people from across South-East Queensland have been charged with money laundering offences, allegedly transferring $190 million in dirty money into crypto.
- Criminal funds from around the country were allegedly flown into Queensland to be washed, being funnelled through multiple legitimate businesses and converted to crypto to hide its origins.
Four people have been arrested for allegedly laundering millions of dollars in suspected criminal funds through “a complex web of deception” that included transactions via crypto exchanges, in an investigation led by the Australian Federal Police (AFP).
The alleged money laundering ring operated primarily out of a Gold Coast-based security company, and…
