Australian Federal Police have seized greater than $1.5 million in money and $600,000 in cryptocurrency as a part of an investigation into cash laundering.
Eight properties and 4 luxurious automobiles have been seized by police as a part of a $10 million haul following a cash laundering investigation.
Australian Federal Police searched two Canberra properties and a storage unit on Thursday and seized greater than $1.5 million in money in addition to paperwork and digital gadgets.
Police allege 4 vehicles price greater than $800,000, 28 financial institution accounts and about $600,000 in cryptocurrency are suspected of being the proceeds of crime.
A 35-year-old man was charged with dealing in properties fairly suspected to be proceeds of crime, and faces three years in jail.
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Police will allege the person laundered money and cryptocurrency from the sale of stolen identities and unlawful items, in addition to cash from fraudulent scams and unlawful on-line playing.
The person is on bail and can face court docket at a later date.
Operation Nairana started in late 2020 when the FBI and US Inner Income Service tipped off authorities that an Australian-based individual was utilizing cryptocurrency to launder cash.
Laundered funds are closely used to fund additional felony actions, AFP Appearing Commander Scott Raven stated.
“The AFP has a singular means to disrupt teams suspected of felony exercise the place it hurts them probably the most; seizing their income and stopping them from utilizing these funds in future ventures,” Appearing Commander Raven stated.
He stated the AFP will probably be “relentless” in pursuing these concerned in international cash laundering.
