Australia court freezes bank accounts of Malaysian suspected of money laundering

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Western Australia's Supreme Court has granted an application to freeze bank accounts belonging to two Malaysian citizens following alleged links to international money laundering. The accounts, which had a combined value of more than $2 million, were established with a deposit of $5,000 each but have since received regular transfers from third parties. Most of the transfers were below the $10,000 threshold, which forces financial institutions to notify federal authorities.

Read the story by Jacob Kagi, in Australia Broadcasting Corporation.

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