Australian law enforcement bodies have uncovered a criminal gang allegedly involved in laundering millions of stolen funds through untraceable assets, including cryptocurrencies.
According to an Australian Securities and Investments Commission (ASIC) announcement published on Sept. 17, the Australian Federal Police (AFP) and ASIC have been conducting investigations into a major fraud and identity theft syndicate. The authorities allege that the syndicate purchased stolen identity data from darknet marketplaces and subsequently use it to undertake identity takeovers.