Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

$148 million seized in global crackdown on organised crime

Published

on

$148 million seized in global crackdown on organised crime

Australian Federal Police and the FBI have smashed an industrial-scale drug trafficking ring in what’s being described as the plot of the century.

The audacious police sting targeted an encrypted communications app that was being secretly monitored by police, leading to hundreds of arrests of organised crime figures in 18 countries.

Mafia figures, bikies, South American drug cartels, Asian triads and Middle Eastern and European crime syndicates are alleged to be caught up in the sting.

Police said they uncovered 21 murder plots and seized more than 3,000 kilograms of drugs and $35 million in cash.

Over 800 suspected members of organised crime gangs were arrested and $148 million in cash seized in raids around the world. Tons of drugs were also seized, officials confirmed.

Police say they were using the trojan horse app ANOM that was operated by the FBI and secretly monitored by the Australian Federal Police.

The app was used by organised crime gangs around the world to plan executions, mass drug importations and money laundering.

Prime Minister Scott Morrison says the mass raids and arrests struck a heavy blow against organised crime.

The plan is said to have been hatched by an AFP tech guru in 2018, with the AFP planting pre-loaded mobile phones into the hands of criminals.

https://twitter.com/tickerNEWSco/status/1402121048238092290?s=20

Investigators intercepted 25 million messages sent on the ANOM, viewing the communications in real time.

300 search warrants were carried out across Australia on Monday night, with simultaneous stings in the US and Europe, according to reports from the ABC.

Police say they have exposed the secret relationships between bikies and syndicates who were thought to be enemies.

“This is a watershed moment in Australian law enforcement history”

SYDNEY:The Prime Minister was joined by Minister for Home Affairs Karen Andrews, AFP Commissioner Reece Kershaw and FBI Legal Attaché US Embassy Anthony Russo to speak on ‘Operation Ironside’, a three-year sting involving the FBI, organised crime and an encrypted app.

PRIME MINISTER SCOTT MORRISON

Prime Minister Scott Morrison said the operation had “struck a heavy blow against organised crime. Not just in this country, but one that will echo around organised crime around the world”.

“We have never taken our eye a day from the threats presented in this country”

Morrison has reiterated calls for stronger border security and anti-encryption laws off the back of Operation “Ironside.”

“The most significant policing operation in Australian history”

Home Affairs Minister Karen Andrews called Operation Ironside “the most significant policing operation in Australian history”.

Home Affairs Minister Karen Andrews

Worldwide, 9000 law enforcement officials were involved in the operation, with over 4500 of those officials being Australian Federal Police.

Commissioner Kershaw said federal agents had been in the “back pockets” of criminals through the encryption app. 

Commissioner Kershaw said federal agents have arrested some “of the most dangerous criminals in Australia”

Commissioner Kershaw on the criminal arrests.

Commissioner Kershaw said criminal gangs are targeting Australia because “it’s one of the most profitable countries in the world to sell drugs.”

Commissioner Kershaw confirmed criminal “kingmakers” have been arrested and AFP have prevented mass shootings.

The plan that began over beers

“Some of the best ideas come over a couple of beers,” AFP Commissioner Reece Kershaw said in his address to media on Tuesday.

“The FBI had the lead on this. We provided the technical capability to decrypt those messages,”

AFP Commissioner Kershaw.

The FBI’s representative Anthony Russo says he’s proud to represent the US and stand with his Australian colleagues.

Legal Attaché US Embassy Anthony Russo

“In today’s world, crime continues to transverse international borders. The threats we face are too diverse and too complex for any one organisation to tackle alone,”

Russo said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

on

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Download the Ticker app

Continue Reading

News

Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

on

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#FederalReserve #InterestRates #Economy


Download the Ticker app

Continue Reading

News

Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

on

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy


Download the Ticker app

Continue Reading

Trending Now