BitcoinLaundering

Australian police have shut down a $21 million crypto-linked money laundering scheme in Queensland after an 18-month investigation.
🕵️‍♂️ What Happened?
The Australian Federal Police (AFP) found a group using:
Fake businessesBank accountsCryptocurrency
to hide and move illegal money across the country.
🔍 What Did Police Find?
On June 5 and 6, 2025, police searched 14 homes and businesses in:
BrisbaneGold Coast
They seized:
🏠 17 properties🚗 Several vehicles💵 $30,000 in cash💻 $170,000 in crypto
Total seized so far: $21 million in criminal assets
🏦 How the Scam Worked
A security company mixed legal and illegal money.Around $190 million was changed into cryptocurrency.Money was picked up from secret locations across Australia.It was then flown to Queensland, passed through a sales company and car dealership, and washed clean.
👮 Who Was Charged?
Four people were charged:
PersonAgeLocationChargesMan from Heathwood32HeathwoodLaundered $9.5M in 15 months; refused to unlock phoneMan from Maudsland48MaudslandRan the security firm; laundered $10M+Woman (his wife)35MaudslandGeneral manager of the firmMan from West End58West EndLinked to car sales; faces 2 counts of laundering
The Heathwood man is in jail.The others got bail and will be in court on July 21 and August 1, 2025.
🗣️ Police Speak Out
AFP Detective Superintendent Adrian Telfer called it:
“An elaborate and calculated scheme.”
He said money laundering is a big risk to Australia’s safety and economy.
👉 More arrests could happen as police keep looking into the full $190 million operation.
🔑 Key Takeaways
$21M in dirty money seized$190M might be involved4 people chargedMore arrests may come
$BTC
$ETH
$XRP

#AustraliaNews #CryptoCrime #MoneyLaundering #BitcoinLaundering #cryptochartes101

Source: AustraliaNews