ABC News reported on 31st October that Australian Federal Police had seized $17.3 million in property as part of an investigation into alleged money laundering by Chinese nationals. It seized 6 properties in Melbourne’s east and more than 3,000 acres of farmland at Musselroe Bay on Tasmania’s north-east coast. The operation followed a request in 2017 from the Chinese Ministry of Public Security for help to identify 2 Chinese nationals suspected of laundering proceeds of crime in Australia, with money said to have been raised in China through real estate and bank loan fraud and the 2 Chinese nationals having moved about $23 million of alleged proceeds of crime from China since late 2012.
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