Tag Archives: oceania

Money launderer faces jail, deportation for $30 million job

Wei Wang thought authorities wouldn't notice the millions of dollars of cash being deposited into dozens of bank accounts through $10,000 instalments in a money laundering scheme.

"Well they were wrong about that," said crown prosecutor Michael Wilson at Wang's County Court hearing in Melbourne today.

The 35-year-old has pleaded guilty to four charges of dealing with money that is reasonably suspected to be from the proceeds of crime totalling more than $33 million.

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Wei Wang faces jail and deportation for laundering more than $33 million.

He operated a money remittance business where customers gave him cash that he received into numerous bank accounts he held under different names.

Each deposit was made in $10,000 transactions or less to avoid banking legal reporting requirements.

Wang gave his "money runner" Tao Zhu the cash to deposit at hundreds of ATMs, then he transferred the funds to his clients' overseas bank accounts in exchange for a commission.

His involvement in the operation began in December 2020 and for six weeks he made about 988 transactions into six accounts, worth more than $3 million.

From February 2021 to October 2021, about 1635 bank deposits were made into 38 different accounts worth more than $12.7 million.

Wang also operated a cryptocurrency remittance operation on the side from April 2021 where more than $16.9 million was laundered through his Binance crypto account.

The Chinese national was arrested in October 2021 when officers found $100,000 cash in a bag in his Blackburn home and another $117,000 in a Gucci box in his car among several mobile phones and bank cards.

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His co-offenders Boliang Liu, another remittance operator, and Zhou were jailed in August after admitting to dealing with suspected proceeds of crime worth millions of dollars between July 2020 and October 2021.

Wang, who lives in Australia on a permanent residency visa, appeared in court on Wednesday when his barrister Leonard Hartnett urged Judge Michael Cahill for a lenient sentence.

He said a psychologist report suggested Wang's behaviour was out of character, driven by financial problems and the lure of not insignificant funds from the operation.

Wang has already spent 70 days in pre-sentence detention during the latter part of the COVID-19 pandemic and has been suffering a "degree of depression" with the weight of prison hanging over him.

"That time was significantly onerous and involved multiple lockdowns," Hartnett said.

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He said his client has no criminal history and since being release on bail, has not reoffended, pointing to his "excellent" prospect of rehabilitation.

Wang demonstrated his remorse with his guilty plea and has made donations to charity since his release on bail.

"It was his idea to make these modest, but significant for him, donations to charity. It says something about him," the defence said.

Wilson said there was a very real prospect of Wang being deported and asked Judge Cahill to impose a minimum three-year jail term.

Wang will be sentenced on November 1.

Final mercy flight out of Lebanon returns hundreds of Australians home

Australia's final government-assisted flight from Lebanon touched down in Sydney last night, reuniting people fleeing the unstable region with their loved ones. 

Foreign Affairs Minister Penny Wong said 200 Australians and their immediate family members were onboard the flight, bringing the total number of people evacuated from Lebanon to 3121.

"The government is grateful for the support of the commercial airlines and partner countries, including Cyprus for its generous facilitation," she wrote in a statement.

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Australia's final government-assisted flight from Lebanon touched down in Sydney last night, as people fleeing the unstable region reunited with their loved ones. 

"And I thank the hardworking Department of Foreign Affairs and Trade teams working in Beirut, Cyprus and Canberra who worked around the clock to coordinate departures."

Australia is no longer scheduling repatriation flights out of Lebanon due to declining demand.

The government advises Australians looking to flee Lebanon to take the first commercial flight out while they remain available, as Beirut Airport could close and leave them unable to depart for an extended period of time.

"The Australian government may not be able to assist you to leave in such circumstances," the government said. 

While last night's flight touched down, Wong was presenting a speech at the University of Tasmania where she again reiterated her call for a ceasefire in Lebanon and Gaza.

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She was interrupted by pro-Palestine advocates who heckled her and eventually forced her to leave the stage.

"What we need right now is leaders that have backbone, that are willing to do something that isn't just talk," one could be heard saying in a video broadcast by the ABC.

Ongoing Israeli strikes and military action in southern Lebanon, Gaza and the West Bank have created a volatile security situation in the Middle East.

The United Nations has warned of humanitarian crises in all three regions.

Australians are urged not to travel to Lebanon, Gaza, the West Bank and Israel. Anyone already in the region should leave immediately. 

Australians wanting to depart should register via DFAT's Crisis Portal or by calling the Australian Government's 24 hour Consular Emergency Centre on +61 2 6261 3305 overseas or 1300 555 135 within Australia.

Traffic stop leads police to seize $1 million in cash from Brisbane home

Police have uncovered parcels of cash totalling more than $1 million in suspected drug money at a home in Brisbane's south.

Queensland Police allege the discovery came about when they stopped a car as part of a drug trafficking investigation last week.

They subsequently searched a Rocklea home that same day, where they found large vacuum-sealed bundles of cash in a Nike duffle bag.

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Police also seized drug utensils, a gun and ammunition from the property.

A 26-year-old man from NSW was hit with a slew of charges including drug trafficking, unlawful possession of a weapon and dealing in the proceeds of crime money worth $1 million or more.

He was remanded in custody and is expected to face Brisbane Magistrates Court on October 18.

Detective Senior Sergeant Justin Suffolk says police are committed to continuing to disrupt and prevent drug trafficking.

"If you are involved in the distribution of illicit substances, you will be targeted, and you will be held accountable," he said.

Investigations are ongoing.

If you have information for police, contact Policelink by providing information using the online suspicious activity form 24 hours per day at www.police.qld.gov.au/reporting or call 131 444.