US EditionPolice Bust Queensland Money Laundering Ring
- On June 5, authorities in Queensland formally accused a 32-year-old Heathwood resident of money laundering and refusing to disclose the password for his mobile phone.
- The charges stem from an 18-month joint investigation launched in December 2023 into a Gold Coast security firm that allegedly laundered over $10 million.
- Authorities seized more than $21 million in assets including 17 properties, luxury cars, and frozen bank accounts linked to this elaborate scheme involving multiple businesses and couriers.
- Detective Superintendent Adrian Telfer revealed that the inquiry has exposed a complex scheme involved in transporting illegal funds across various regions, highlighting the use of dead drop techniques and cryptocurrency in the process.
- The investigation continues with the possibility of further arrests as police prosecute those using laundered money to finance properties, luxury vehicles, and cryptocurrencies.
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Sydney Morning Herald+2 Reposted by 2 other sources
Police bust Queensland money laundering ring
Four people have been charged over their alleged involvement in a Queensland-based money laundering scheme which police say "washed" more than $10 million in criminal proceeds.
·Sydney, Australia
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Named: Four charged over $190m Qld money laundering syndicate
A Gold Coast couple used their established security company to wash millions of dollars for criminals across the country as part of a sophisticated money laundering scheme that transferred cash into cryptocurrency, investigators have alleged.
·Melbourne, Australia
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Leaning Left7Leaning Right4Center1Last UpdatedBias Distribution58% Left
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