AUSTRAC Intelligence uncovers a gold laundering scheme by a police officer who sold over $1.3M worth of family gold bars to fund a gambling addiction

AUSTRAC intelligence helps crack a gold laundering operation linked to gambling, uncovering that a NSW police officer sold over AUD 1.3 million in family gold bars to fund a gambling addiction—prompting a probe by the Law Enforcement Conduct Commission. AUSTRAC CEO Brendan Thomas highlights that gambling harm can drive individuals to crime, including money laundering, especially within the bullion sector…