#childpredator | AUSTRAC intelligence helps to bust Philippines child sex ring

AUSTRAC and certain Fintel Alliance banks partnered with WA police to investigate the syndicate involved in making large-scale cash deposits into bank accounts in WA.

These included 1879 cash deposits into 167 different bank accounts to launder the proceeds of crime.

Using detection methodology focused on cash going into ATMs, Fintel partners linked the syndicate members operating across Perth suburbs.

The partnership between Fintel and the WA police resulted in five arrests in early 2020 and the seizure of cash, drugs and firearms.

The finale was a community awareness campaign to educate an unsuspecting public of the risks of third party cash deposits.

Source link