Chinese Criminal Gang Charged for Allegedly Laundering $39 Million

Four alleged gang members were arrested and charged separately under a joint operation by three law enforcement agencies.
Chinese Criminal Gang Charged for Allegedly Laundering $39 Million
Cash confiscated by the Australian Federal Police during an operation in Sydney, Australia, on May 18, 2017. William West/AFP via Getty Images
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Australian authorities have charged four members of an alleged Chinese criminal syndicate for allegedly laundering $39.5 million (US$25.8 million) in dirty money between July and August 2022.

The four were arrested and charged separately under a joint operation by the Australian Federal Police (AFP), Victoria Police, and the Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency responsible for combating money laundering.
Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].