Seven individuals from an alleged Chinese crime syndicate face charges in Australia’s most complex anti-money laundering (AML) investigation. The Long River money laundering syndicate is accused of secretly operating the Changjiang Currency Exchange, laundering nearly $229 million in crime proceeds over three years. In a coordinated effort, Australian Federal Police executed 20 search warrants, seizing over $50 million in assets. The Changjiang Currency Exchange, with 12 shop fronts nationwide, is now under AUSTRAC scrutiny. The syndicate allegedly coached criminals to create fake documents, enabling the illicit transfer of funds. The AFP asserts that the syndicate, posing as a legitimate remittance company, evaded taxes, charged higher fees for unlawful funds, and amassed over $10 billion in transfers. The investigation involved 240 AFP members and collaboration with various agencies, leading to the arrest of 26 individuals and the removal of $270 million from criminal activities in the past year. AUSTRAC emphasized the importance of remittance businesses complying with AML and counter-terrorism financing obligations. The operation reflects successful multi-agency collaboration in combating transnational financial crime.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}