The remittance company Changjiang Currency Exchange was busted on suspicion of money laundering, with the amount involved reaching 230 million Austra

Australian remittance company Changjiang Currency Exchange was raided due to allegations of money laundering, with the amount involved reaching 230 million Australian dollars (145 million US dollars). On October 26th, after 14 months of investigation, 300 police officers from Melbourne, Sydney, Brisbane, Adelaide, and Perth arrested seven individuals, including four Chinese citizens and three Australian citizens. Police stated that under the guise of legal currency exchange operations, Changjiang Currency Exchange helped launder money and laundered money from investment scams and unregistered cryptocurrency exchanges. In one case, a 37-year-old Chinese citizen was accused of using Changjiang's services to launder funds worth 100 million Australian dollars (63 million US dollars) obtained from a multinational Ponzi scheme.