Australian Authorities Dismantle $21 Million Crypto Money Laundering Scheme

Law enforcement in Australia has dismantled a significant crypto-linked money laundering operation based in Southeast Queensland. An 18-month investigation by the Australian Federal Police (AFP), alongside various agencies, resulted in charges against four individuals and the seizure of an estimated $21 million in criminal assets. The fraudsters concealed their illicit activities through businesses, bank accounts, and digital cryptocurrency to obfuscate and transfer funds across the country.