Aussie Crypto Laundering Ring Busted Masquerading as Security Firm

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Australian authorities have charged four individuals following an 18-month investigation into a $190 million Australian dollar ($123 million) crypto laundering operation allegedly run through a cash-in-transit security company.

The Australian Federal Police said they had frozen about $13.6 million worth of suspected criminal assets across the states of Queensland and New South Wales.

The Queensland Joint Organized Crime Taskforce (QJOCT), comprising 70 officers from federal and state agencies, began the investigation in December 2023. It reportedly…



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Aussie Crypto Laundering Ring Busted Masquerading as Security Firm


Australian authorities have charged four individuals following an 18-month investigation into a $190 million Australian dollar ($123 million) crypto laundering operation allegedly run through a cash-in-transit security company.

The Australian Federal Police said they had frozen about $13.6 million worth of suspected criminal assets across the states of Queensland and New South Wales.

The Queensland Joint Organized Crime Taskforce (QJOCT), comprising 70 officers from federal and state agencies, began the investigation in December 2023. It reportedly…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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