Australia seizes $123 million cryptocurrency money laundering case, four people charged On June 5-6, the Australian Federal Police, in collaboration with multiple departments, launched 14 raids in Brisbane and the Gold Coast, dismantling a money laundering network suspected of converting $190 million in cash into encrypted assets through an armored cash transport company. The company involved is suspected of concealing the source of funds through cryptocurrency, antique car transactions, and shell companies. Four people have been charged with involvement in the case, including a Brisbane man suspected of laundering $9.5 million. A total of $170000 in encrypted assets, 17 properties, encrypted wallets containing encrypted devices, as well as business records and documents related to suspected money laundering schemes have been seized. The case is still under investigation