Police unveiled Austrian-Hungarian money laundering group

The police suspect that the Hungarian banker made people wash the money coming from operating illegal Austrian gambling clean.

The Austrian Federal Criminal Office is investigating Michael H. and his partners, who illegally operated slot machines in Austria. They transferred the money coming in from the banned gambling to Hungarian and Slovenian companies to turn it into legal enterprises, then either invested the money or took it in cash, reports Index.

After the Austrians turned to the Hungarian police, the National Investigation Bureau ordered an investigation on suspicion of money laundering. The Bureau’s asset recovery office discovered that the Austrian criminals opened accounts in many Hungarian financial institutions with the help of 33-year-old György N.

According to data from the investigation, the man took part in concealing the origins of €582,000, all of which came from criminal activity, and he was paid for it.