February 6 2018
A multinational currency exchange bankrolled by the United Arab Emirates has emerged as a key conduit for a global money laundering operation which has siphoned hundreds of millions of dollars out of Australia. Assistant Commissioner Stewart said the Khanani network was laundering between $14 billion and $16 billion a year for organised crime syndicates across the world.
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.