Australia police arrest seven in money laundering bust linked to Chinese organised crime

SYDNEY (Reuters) - Australian police have arrested seven members of an alleged Chinese crime syndicate for laundering hundreds of millions of dollars through one of the country's largest money remitters after a giant sting operation involving U.S. Homeland Security.

Police said on Thursday the Chinese Long River crime syndicate allegedly laundered A$229 million ($143 million) through the Changjiang Currency Exchange, one of the country's largest independently-owned remitters with dozens of shops nationwide, between 2020 and 2023.