Australian police break laundering ring that hid in plain sight

Australian Federal Police (AFP) have led the take-down of a major Chinese-organised money laundering syndicate, which allegedly transferred AU$228.8 million (US$145 million) in criminal funds between 2020 and 2023. It had been operating within a leading Chinese currency exchange business, according to the AFP.

Keith Nuthall

Australian Federal Police (AFP) have led the take-down of a major Chinese-organised money laundering syndicate, which allegedly transferred AU$228.8 million (US$145 million) in criminal funds between 2020 and 2023. It had been operating within a leading Chinese currency exchange business, according to the AFP.