Reposting from end of last bread…
Haven't seen picked up by US media yet… but BIG??
abc.net.au/news/2018-02-06/khanani-network-laundered-money-through-wall-street-exchange/9398148
abc.net.au/news/2018-02-05/the-billion-dollar-bust/9383890
>Money exchange with links to Dubai Government identified as hub for billion-dollar laundering empire.
>Wall Street Exchange, one of the largest money remitters in the Middle East and which has its main office in Dubai, has been identified by the Australian Federal Police as a major hub for the movement of drug profits and terrorism finance.
>AFP Assistant Commissioner David Stewart has told Four Corners the money laundering operation run by Altaf Khanani — who is now in jail in Florida — ran its international transfers through multiple currency exchanges.
>Assistant Commissioner Stewart said the Khanani network was laundering between $14 billion and $16 billion a year for organised crime syndicates across the world.
>"We're talking about the upper echelons of organised crime here," he said.
>In Australia, Khanani was laundering drug money for the Lone Wolves and Comanchero bikie gangs, as well as Lebanese mafia figures living in western Sydney.
>He was also moving money on behalf of Mexican cocaine cartels and terrorism groups including Al Qaeda and D-Company. D-Company is a criminal terrorist organisation run by Dawood Ibrahim and based in India.