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Chinese drug money found laundered through banks in Perth

( September 14, 2016, 08:36 GMT | Insight) -- Investigators have discovered that a Chinese organized crime syndicate used Westpac and Commonwealth bank branches across Perth, Australia to launder more than $29 million in drug money from March to December last year, The West Australian reports. Investigators have discovered that a Chinese organized crime syndicate used Westpac and Commonwealth bank branches across Perth, Australia to launder more than $29 million in drug money from March to December last year, The West Australian reports. The scheme, which involved 12 Australian-registered companies run by Hong Kong nationals on working visas, paid recruits to make large cash deposits into several accounts in various bank branches. The money was then electronically transferred from the accounts to Sydney-based money remitters within one or two days of the deposit. The joint investigation by the Australian Federal Police and detectives in Western Australia is ongoing. ...

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