VGCCC, AUSTRAC behind AU.7m Money Laundering Scheme Bust

A 12-month multi-jurisdictional investigation led to the arrest of three members of an alleged Melbourne money laundering syndicate who organized a scheme involving purchasing winning tickets from electronic gaming machines. Three People Charged The investigation executed by the Australian Federal Police (AFP), in collaboration with AUSTRAC, the Victorian Gambling andContinue Reading

Aussie Money Laundering Op May Have Ties to Beijing

Posted on: June 9, 2022, 03:12h.  Last updated on: June 9, 2022, 04:10h. A Chinese money laundering syndicate with its finger on illicit global financial flows is fueling organized crime in Australia, Australian Federal Police (AFP) Commissioner Reece Kershaw said this week. Ming Chai, the cousin of Chinese leader XiContinue Reading

Australia’s financial crime regulator expands The Star’s money laundering probe to assets outside Sydney

Australia’s financial crime regulator is expanding its Star Entertainment Group money laundering probe, the company announced in a statement to the ASX on Friday. The Australian Transaction Reports and Analysis Central (AUSTRAC) has decided to now expand the scope of its investigation to other entities within The Star group, besidesContinue Reading