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Millions seized in Canberra in major federal police money laundering sting

A Canberra man has been charged after an international money laundering sting uncovered more than $10m in assets across the nation’s capital.
A Canberra man has been charged after an international money laundering sting uncovered more than $10m in assets across the nation’s capital.

A Canberra man has been charged after an international money laundering sting uncovered more than $10m in assets across the nation’s capital.

The 35-year-old was charged on Thursday with one count of dealing with property reasonably suspected of being proceeds of crime.

He was granted bail to face court at a later date.

Property, luxury goods and cash seized in international money laundering investigation.
Property, luxury goods and cash seized in international money laundering investigation.

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Eight properties, four high-end vehicles, luxury goods, cash and cryptocurrencies were seized by the Australian Federal Police.

At one home, more than $1.5m in cash was found hidden inside the house. A number of documents and electronic devices were also examined and seized for further forensic investigation.

The AFP will allege he used “sophisticated” transactions to launder cash and cryptocurrency from the sale of stolen personal identification, scams and illegal online gambling.

Police said the cars combined were worth more than $800,000, and that the man held 28 bank accounts and about $600,000 in cryptocurrency.

More than $1.5m was found inside one home.
More than $1.5m was found inside one home.

He faces a maximum penalty of three years in jail.

AFP Acting Commander Scott Raven said money laundering was a threat to Australia‘s economy and national security.

“Money laundering is also heavily used to fund further criminal activities that impact our community‘s safety,” he said.

“The AFP has a unique ability to disrupt groups suspected of criminal activity where it hurts them the most; seizing their profits and preventing them from using those funds in future ventures.”

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