Australian police said a Sydney-based group helped several international criminal gangs launder money. File photo: AAP/dpa
Australian police said a Sydney-based group helped several international criminal gangs launder money. File photo: AAP/dpa
Australia

Chinese-Australian money-laundering ring busted in Sydney, assets worth more than US$106 million seized

  • Police said the Sydney-based group ‘acted like an underground bank and had branches all around the world’
  • Authorities also charged nine members of the organisation and confiscated items including cryptocurrency, watches and jewellery

Australian police said a Sydney-based group helped several international criminal gangs launder money. File photo: AAP/dpa
Australian police said a Sydney-based group helped several international criminal gangs launder money. File photo: AAP/dpa
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