Man arrested over money laundering, SA

Detectives from the Serious Crime Task Force have today arrested a man from Northgate in relation to an alleged ongoing money laundering investigation, according to SA Police.

The operation conducted in partnership with the Australian Border Force, will allege that the laundered monies were acquired through the accused's management of a significant prostitution network throughout Australia.

The 31-year-old man was arrested this morning at a Northgate home and charged with multiple counts of money laundering.

He has been refused police bail and will appear in the Adelaide Magistrates Court on Tuesday 12 June.

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