Australia says organised crime in financial sector costing Aus$28bil a year

Making an example: The researchers in the cyber security field in the US and Russia believe Moscow intended the arrests as a signal.

SYDNEY: Organised crime in the financial sector is costing Australia Aus$36 billion (RM121.58bil) a year, the criminal intelligence authority said on Aug 24. 

Money laundering was the main threat amid the rise of online banking and digital currencies, the Australian Criminal Intelligence Commission (ACIC) said in a report on organised crime in the country.