Case study: Three to six years’ jail time for convicted money launderers

News Anti-money laundering Sanctions & Fines

Date: 12th Dec, 2024 Source: Australian Transaction Reports and Analysis Centre (AUSTRAC) Country: Australia Original Source

Brief

On 12/12/2024, the Australian Transaction Reports and Analysis Centre (AUSTRAC) issued an update regarding "Case study: Three to six years’ jail time for convicted money launderers". Two men were sentenced to jail for laundering over $63 million using ATMs in Melbourne, with one responsible for close to $33.7 million and the other for just over $30 million. The investigation involved collaboration between law enforcement agencies and AUSTRAC, resulting in significant consequences for those involved.

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Australian Transaction Reports and Analysis Centre (AUSTRAC)

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Case study: Three to six years’ jail time for convicted money launderers

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Australian Transaction Reports and Analysis Centre (AUSTRAC)

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Case study: Three to six years’ jail time for convicted money launderers

Brief

Australian Transaction Reports and Analysis Centre (AUSTRAC)

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