Police make arrests over money laundering operation

Cops bust million-dollar money laundering operation

TOOWOOMBA detectives have helped with the investigation and arrest of 20 people allegedly involved in a million dollar money laundering operation.

They worked with officers from the Queensland Police Service Fraud and Corporate Crime Group, Gold Coast police and Australia's financial intelligence unit and anti-money laundering regulator AUSTRAC as a part of Operation Kilo Dictate.

The operation targeted an international crime syndicate involved in the laundering of fraudulently obtained money from Queensland to Europe.

It will be alleged that during a nine week period from February to April 2012, about one million dollars, acquired through card-skimming and credit card fraud offences committed in Europe and Australia, was laundered back to Romania and the United Kingdom, from people in South East Queensland.

Fraud and Corporate Crime Group officer-in-charge Detective Superintendent Brian Hay said anyone who engaged in these types of offences could face serious criminal charges.

"This should also be a clear message to individuals sending unlawfully obtained money overseas on behalf of other persons that you will be held to account and you may find yourself facing serious money laundering charges," Det. Supt Hay said.

Detectives attached to Operation Kilo Dictate expect to charge more people today, with all persons due to appear in the Brisbane Magistrates Court on April 12, charged under the Commonwealth offences dealing with the proceeds of crime (money laundering).


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