AFP Operation Nightwolf uncovers Chinese money laundering ring

News Snapshot:

Four Chinese nationals and three Australian citizens were arrested for their alleged involvement in the money laundering syndicate dubbed Long River. The AFP said it was the country’s most significant and complex money laundering ring. Police execute a search warrant at a shopfront in Sydney’s CBD. Australian Federal Police With the assistance of the United States Secret Service, police also charged a Chinese national for allegedly using the syndicate to help to launder $100 million stolen from victims who invested in a global investment scam linked to foreign exchange and cryptocurrencies. More than $50 million in assets have been restrained...