Chinese Criminal Gang Charged for Allegedly Laundering $39 Million

Australian authorities have charged four members of an alleged Chinese criminal syndicate for allegedly laundering $39.5 million (US$25.8 million) in dirty money between July and August 2022. The four were arrested and charged separately under a joint operation by the Australian Federal Police (AFP), Victoria Police, and the Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency responsible for combating money laundering. On March 25, the AFP arrested and charged a 23-year-old man living in South Yarra, Melbourne, for allegedly collecting illicit cash on behalf of the criminal gang. A 32-year-old Chinese national was also charged on March 19 for allegedly orchestrating the syndicate’s money laundering activities....