How widespread is Chinese money laundering into Australia?

Friday, 16 November 2018

The Australian Federal Police yesterday busted a major $8.5 million Chinese money laundering syndicate, seizing property, cars and jewellery purchased will illicit funds. From AAP:

Australian Federal Police (AFP) have restrained the goods and property in Melbourne, Sydney and the Gold Coast, as part of a probe into offshore funds allegedly being laundered in Australia.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.