Australia Seizes Crypto in J5-Aided Money-Laundering Bust

Australian authorities have seized millions of dollars in cryptocurrencies and other assets in connection with a money-laundering scam, tipped off by their J5 partners in the US Internal Revenue Service and FBI.

The national Criminal Assets Confiscation Taskforce seized more than AU$10 million ($7 million) of assets in Canberra, including eight properties, high-end vehicles, luxury goods, cash and cryptocurrencies, a Federal Police statement said.

• A man, who wasn’t identified, was charged July 28 with one count of dealing with property reasonably suspected of being the proceeds of crime for an amount of $100,000 or more, the ...