Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, Asia-Pacific, Featured Article, Financial Crime

Several arrests in Australia as 12-month investigation closes in on ‘largest money laundering operation’ of its kind

By Dan Byrne for AMLi

A senior police official in the Australian state of Victoria has praised what he described as a “significant national result,” after five people were arrested on suspicion of running a multi-million dollar laundering scheme.

The five were taken into custody after a 12-month investigation into a suspected “third party deposit” scheme that managed to move up to AU$62M (€39.6M) in dirty money.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!