#AceWorldNews says Australian police crack global money-laundering ring
Australian police said on Thursday they had cracked a major global money-laundering ring with operatives in more than 20 countries.
The funds were syphoned off to groups reported to include Hezbollah, AFP reported.
The Australian Crime Commission said more than $512 million of drugs and assets had been seized in a year-long sting codenamed Eligo. It targeted the offshore laundering of funds generated by outlaw motorcycle gangs, people-smugglers and others.