Australia seizes AUD 190 million crypto laundering case

On June 5-6, 2025, Australian law enforcement agencies conducted a joint operation, successfully dismantling a large money laundering organization located in Queensland and arresting four suspects. The organization is suspected of converting approximately AUD 190 million (about USD 125 million) of criminal proceeds into cryptocurrency through the armored transport division of a security company. Investigations revealed that the organization used a complex network of bank accounts, businesses, couriers, and cryptocurrency accounts to launder millions of illegal funds over 18 months. Police have frozen assets worth approximately AUD 21 million, including 17 properties, bank accounts, and vehicles.