More than $250m of “dirty money” has been seized by the Australian Federal Police in a clear signal to organised criminals working in Australia.
It’s a small fraction of the billions of dollars the AFP believes criminals are laundering through the country every year.
A luxury car seized during the operation. Picture: AFP
Taskforce Avarus was established in response to the “alarming scale” that Australian and offshore organised criminals were laundering money through the nation’s financial system and property market.
Recent investigations suggest a high proportion of the money is being laundered through illicit drug trafficking.
More than $250m has been seized by the taskforce. Picture AFP
On some days, one Sydney criminal gang was laundering $1m every hour for up to five hours.
More to come