$2.3 Million in Cash and Cryptocurrency Seized as Russians Arrested

Two people are facing charges of laundering multiple small amounts of money totalling over $2 million in an effort to avoid detection by the authorities.

An image of some of the $2.3 million in cash and cryptocurrency seized by Australian Federal Police when the searched a property in Hope Island, Queensland, in 2022. Courtesy of Qld Police

Two Russian nationals have faced court in Queensland, accused of money laundering involving $2.3 million in cash and cryptocurrency.

Police allege Dmitry Rimskiy, 49, and Alexandra Pavlovna Bugrova, 46, laundered the money via hundreds of cash deposits at bank branches and ATMs across NSW, Queensland, Victoria, and South Australia in 2022, keeping each transaction below $10,000 to avoid banks alerting the authorities.