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​Australia-Vietnam money-transfer cartel investigation spanned years, say federal police

( April 11, 2019, 00:27 GMT | Official Statement) -- MLex Summary: An Australian money-transfer business, Vina Money Transfer, was at the heart of a five-year joint investigation by federal police and the country's competition regulator into criminal-cartel conduct. Five individuals face charges today relating to price-fixing conduct. In a statement, Australian Federal Police Detective Sergeant Jarrod Ragg said the investigation was one of the first concluded by the two agencies. It's alleged the company, which runs branches in the states of New South Wales and Victoria, fixed the exchange rate for the Australian dollar and the Vietnamese dong and the transaction fees it charged customers.The full statement follows: ...

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