Three Australians Charged With Money Laundering Via Cryptocurrencies

In Australia, police arrested three men on suspicion of drug trafficking and money laundering via cryptocurrencies.

Three men charged after almost $4.7 million cash, 5kg of drugs and cryptocurrency teller machines seized — Strike Force Mactierhttps://t.co/gSaI04NIzH pic.twitter.com/nE1NBYFmVA

— NSW Police Force (@nswpolice) April 9, 2022

According to the press release, federal authorities in the United States participated in the investigation. During the search, law enforcement seized about $4.7 million in cash, 5 kg of drugs, three cryptocurrency ATMs, laptops and mobile phones.

The men were charged with money laundering of proceeds of crime and distribution of drugs. One of them was denied bail.

Earlier in October 2021, the Victoria Police uncovered one of the country’s largest criminal syndicates. According to investigators, the group laundered at least $62 million through cryptocurrencies, using dormant bank accounts of 250 Chinese students.

Earlier, law enforcement authorities as part of the investigation into darknet drug trafficking confiscated a record sum in cryptocurrency — about $6 million.

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