After an 18-month investigation, Australian authorities shut down a 21 million USD money laundering operation linked to cryptocurrency. The Australian Federal Police have charged four individuals involved in this elaborate scheme.
The investigation revealed the use of businesses and digital currency to disguise illicit funds. Criminal assets seized included properties, vehicles, cash, and cryptocurrency, demonstrating the use of legitimate fronts for laundering illegal money.
A significant figure in this case is a 32-year-old man accused of laundering 9.5 million USD within 15 months. Other individuals charged are linked to a security company implicated in laundering over 10 million USD, with court appearances scheduled for July and August 2025.
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