International Finance: Chinese-Australian money laundering group dismantled in Sydney

Australian Federal Police charged nine members of the organisation including its Sydney-based leader, it said in aon Thursday. According to the AFP, the group moved illicit funds around the world, helping several international criminal gangs launder money. The items seized included cryptocurrency, as well as watches, handbags, jewellery and firearms.

More than 20 homes in Sydney, including two in the city’s eastern suburbs worth more than A$19-million combined, and a A$47-million tract of land near the future second airport were also seized. “The Sydney-based group acted like an underground bank and had branches all around the world,” assistant commissioner Kirsty Schofield said at a media briefing.

The bust raises further questions about Australia’s status as a money-laundering base, and exposes potential loopholes in rules governing real estate. Official investigations into the country’s biggest casino operators in recent years

For sure they have a branch in South Africa. Do any of these China mall businesses pay VAT, PAYE, Custom duties , minimum wages?

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

International Finance: Adani in crisis as bonds hit distressed levels, stock sale axedGautam Adani’s beleaguered empire is spiralling into crisis, as the fallout from a short-seller’s fraud allegations leads to a worsening meltdown in the indebted conglomerate’s securities.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »

International Finance: Stocks extend Fed-fuelled rise in Asia; dollar dips: markets wrapAsian shares advanced with US and Europe futures on Thursday, extending a rally on Wall Street after Federal Reserve chair Jerome Powell said the central bank had made progress in its battle against inflation.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »