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Australia Five arrests in $62m money laundering bust

04:41  15 october  2021
04:41  15 october  2021 Source:   aap.com.au

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Police arrested 17 people in early morning raids in the two cities Monday, seizing more than .8 million in assets. "It is by depriving criminal groups of their money - laundering networks that we will shake the very structure of organized crime,'' said RCMP Supt. Martine Fontaine Tuesday at a news Dubbed Project Collecteur, the bust involved multiple police forces and the Canada Revenue Agency (CRA), the RCMP said in a statement Tuesday that offered some details of their investigation. Fontaine called the investigation extremely complex and one of the most important of its kind in Canada — one

The properties, in reality, belonged to Beglaryan. He used others to launder and conceal the theft. A felony case is launched. At the time, he was charged with embezzling 3k worth property at the expense of a kindergarten. The investigation began after new mayor Hayk Marutyan busted 27 instances of kindergarten embezzlement by the former regime. In another instance, Beglaryan's brother - a public official in charge of Sports Teams Center - gave property to his wife under suspicious circumstances.

A police investigation into an alleged $62 million money laundering operation dubbed the largest of its kind has led to the arrest of five people in Victoria.

Victoria Police Assistant Commissioner Bob Hill says money laundering is not a victimless crime. © Ellen Smith/AAP PHOTOS Victoria Police Assistant Commissioner Bob Hill says money laundering is not a victimless crime.

Police on Thursday arrested a 31-year-old Caulfield North woman, two 32-year-old men from Blackburn and Burwood, a 36-year-old Endeavour Hills man and a 38-year-old Box Hill man.

Three of the men have been charged with money laundering and handling proceeds of crime and are expected to face the Melbourne Magistrates Court on Friday.

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Chinese authorities have arrested 1,100 individuals in a coordinated attempt to crack down on a network of criminals who illegally launder money by purchasing cryptocurrencies, as the nation clamps down on the digital industry. Police allege that the network of criminals used cryptocurrencies to launder illegally obtained money on behalf of clients, receiving a commission from the proceeds for their work. Authorities have not stated how much money was involved in the criminal operation. Some areas of China, including Inner Mongolia and Qinghai, have banned cryptocurrency mining, believing

A major Policia Nacional operation against a Costa Blanca-based Russian mafia money laundering gang has resulted in 23 arrests . The Policia said it was their biggest move to counter East European-run mafia in Spain ‘for a decade’. Operation Testudo focused on the Marina Baixa area of the Costa Russian businessmen were among those arrested including a solicitor who runs an Altea real estate agency. A number of weapons were discovered in his home. Also detained was a Ukrainian hacker in Alicante’s San Juan beach area was arrested in 2018 as being the alleged mastermind of a gang of

Assistant Commissioner Bob Hill described the arrests of the alleged syndicate members, four of whom had no criminal history and were not known to police, as a "significant national result".

"This syndicate has conducted a highly mobile and agile operation, moving away from those traditional venues and outlets associated with money laundering," Mr Hill said in a statement.

"These were people living a quiet and unremarkable life in the Melbourne suburbs, all the while operating a sophisticated criminal enterprise."

He also said money laundering was not a "victimless crime".

"These funds are used to operate criminal networks involved in a variety of crime types including the trafficking of drugs and illicit firearms," Mr Hill said.

The 12-month investigation began after police received from about suspicious third-party deposits from AUSTRAC in October last year.

During the raid on Thursday police also seized millions of dollars in cash, illicit tobacco, a money counter, jewellery, sporting memorabilia and several luxury cars.

Record 38.5 tonnes of illicit drugs seized in Australia .
A significant jump in illicit drugs seized in Australia in 2019–20 has alarm bells ringing at Australia's peak criminal intelligence agency. The weight of drugs seized nationally increased by 45 per cent to a staggering 38.5 tonnes, primarily due to a serious spike in the weight of amphetamine-type stimulants (ATS) seizures.In under a decade, the total weight of Australian drug seizures has tripled, up 314 per cent from 9.3 tonnes in 2010–11, according to Australian Criminal Intelligence Commission's (ACIC) just-released annual Illicit Drug Data Report.

usr: 13
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