Australian authorities have concluded a lengthy investigation resulting in the dismantling of a significant money laundering scheme using cryptocurrency.
Money Laundering Operation
Following an 18-month investigation, Australian police arrested four individuals accused of laundering approximately $21 million.
Investigation Results
Australian Federal Police (AFP), in partnership with multiple agencies, executed searches on 14 locations in Brisbane and the Gold Coast. On June 5 and 6, 2025, they seized 17 properties, vehicles, $30,000 in cash, and cryptocurrency valued at $170,000.
Law Enforcement Remarks
AFP Detective Superintendent Adrian Telfer described the laundering scheme as 'elaborate and calculated,' emphasizing its detrimental impact on Australia's security and economy. Further arrests may be forthcoming as investigations proceed.
The investigation continues, with Australian authorities warning about the risks associated with cryptocurrency for money laundering.
