Australian authorities uncovered a group that laundered millions of dollars through cryptocurrencies

The Australian Federal Police (AFP) and the local Securities and Investments Commission (ASIC) have uncovered a large criminal organization involved in identity fraud and money laundering through cryptocurrencies. This was reported on the ASIC website .

According to authorities, fraudsters bought personal data of people on the Internet, and then used them to steal money from victims' pension funds and trading accounts of companies listed on the Australian Stock Exchange.

Attackers allegedly created fraudulent accounts at various Australian banks using victims' personal information. During the investigation, authorities discovered at least 70 such accounts.

Subsequently, the stolen funds were laundered through jewelry, and the money was returned to Australia in cryptocurrencies.

“Cyber security threats, such as data leaks and attacks on the financial system, are a serious problem for the ASIC. We will continue to investigate cybercrime and will ensure that institutions comply with their cyber security commitments , ”said Daniel Krennan, ASIC Deputy Chair.

Authorities have already detained a resident of Melbourne, allegedly involved in the activities of the group.

Recall that in April it became known that the Internal Revenue Service of Australia will begin to control the cryptocurrency operations of citizens of the country.

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