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Several arrests in Australia as 12-month investigation closes in on ‘largest money laundering operation’ of its kind

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NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

By Dan Byrne for AMLi

A senior police official in the Australian state of Victoria has praised what he described as a “significant national result,” after five people were arrested on suspicion of running a multi-million dollar laundering scheme.

The five were taken into custody after a 12-month investigation into a suspected “third party deposit” scheme that managed to move up to AU$62M (€39.6M) in dirty money.

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Premium

NEWS: Thales, Europe’s largest defence technology company, faces bribery probe from UK’s SFO

BREAKING: UK sanctions trio of wealthy oligarchs in new campaign against dirty money

INSIGHT: Corporate secrecy ‘scourge’ in fight against fincrime, time for fully public BO registers, says Financial Times

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