Qld police bust money-laundering ring
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BRISBANE, Feb 15 AAP
February 15 2013, 10:50AM
Queensland police have busted an international money-laundering ring behind what they say is a $1 million credit-card heist.
Officers on Thursday charged 20 people with money laundering offences after an 11-month investigation into a ring with tentacles in Romania and the United Kingdom.
It's alleged $1 million was acquired in February and April last year through card-skimming and credit card fraud in Europe and Australia.
Police say the money was laundered in Romania and the United Kingdom.
They expect to lay further charges on Friday.
Detective Superintendent Brian Hay, from the Fraud and Corporate Crime Group, said the bust had disrupted a transnational money laundering syndicate.
Those charged will face the Brisbane Magistrates Court on April 12, charged with commonwealth offences dealing with the proceeds of crime.
Police were to address the media about the bust at 10am (AEST) on Friday.