Chinese Money Laundering Ring Moves $97 Million via Student Bank Accounts: Police

The AFP cautions international students against selling bank accounts or ID to strangers, warning it could lead to criminal charges and visa cancellations.
Chinese Money Laundering Ring Moves $97 Million via Student Bank Accounts: Police
Australian cash in Western Australia on Jan. 8, 2025. Susan Mortimer/The Epoch Times
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Authorities have revealed details of a money laundering network linked to Chinese nationals that used international students’ bank accounts to move large sums of illicit cash.

In a recent podcast, Victoria Police shed light on Operation Taipan, which led to the conviction of three Chinese men—Thao Zhou, Wei Wang, and Boliang Liu—for laundering large amounts of cash and cryptocurrency for criminal organisations between 2020 and 2021.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].