🚨 Australian authorities charge four individuals after an 18‑month probe into a AUD 190 million (USD 123 million) cryptocurrency laundering scheme.

👏 Hats off to the Australian Federal Police and Queensland Joint Organized Crime Taskforce for their relentless, multi‑agency effort resulting in these charges and their take down of this massive laundering scheme!

https://t.co/Wd0zqBunKy

🌍 Crypto crime knows no borders, it’s a global threat requiring international vigilance and action!

According to the FBI Internet Crime Complaint Center’s 2024 Internet Crime Report, cryptocurrency investment fraud caused more than $5.8 billion in reported losses in 2024 alone!

💡 Now, for many, the term ‘Money laundering’ is thrown around a lot but what does it actually mean?

⬇️ ⬇️ ⬇️ ⬇️ ⬇️ ⬇️

Money laundering transforms “𝘥𝘪𝘳𝘵𝘺” money profits from illicit activities into “𝘤𝘭𝘦𝘢𝘯” funds that can be spent freely without detection.

🧩It unfolds through three core stages:

Placement – Introducing illicit cash into the financial system, often via small deposits or cash-heavy businesses.

Layering – Moving money across multiple accounts, entities, or countries (including via crypto) to obscure its origin.

Integration– Reintroducing “cleaned” money into the economy through real estate, luxury goods, businesses, or investments

🔍 Why this matters to businesses & regulators:

⚙️ Undermines financial integrity

🚨 Supports organized crime & corruption

⛓️‍💥 Exposes firms to legal, regulatory & reputational risks

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