According to Golden Finance, from June 5th to 6th, 2025, Australian law enforcement agencies carried out a joint operation and successfully dismantled a large money laundering criminal group located in Queensland, and arrested four suspects involved in the case. It is reported that the criminal organization, with the help of the armored transportation department of a security company, converted approximately 190 million Australian dollars (equivalent to about 125 million US dollars) of criminal proceeds into cryptocurrencies, attempting to cover up the illegal flow of funds.
The investigation results show that over the past 18 months, this money laundering organization has meticulously constructed a complex capital operation system, successfully laundered millions of illegal funds by leveraging bank account networks, corporate entities, express delivery services, and cryptocurrency accounts.
At present, the Australian police have taken forceful measures and frozen assets worth approximately 21 million Australian dollars involved in the case, including 17 properties, related bank accounts and multiple vehicles involved in the case. This operation has dealt a heavy blow to the criminal group.
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