Australia’s Money Laundering Blunder & India’s Chipmaking Triumph: The Good, Bad, and Hilarious in Asia’s Tech Scene
Australia’s Federal Police charged four in a money-laundering scheme using a security firm’s armored cash transport, mixing dirty money with legitimate funds. Allegedly, AU$190 million was washed through elaborate transactions, ending as cryptocurrency. It’s a classic case of “laundering money” but without the fluffy towels.
Hot Take:
Australia is giving ‘laundry day’ a whole new spin, while APNIC’s re-org is more than just a shuffle of chairs. Meanwhile, India trims its property requirements for chipmakers like it’s a real estate diet plan, and Cambodia cuts its internet ties with Thailand in a dramatic breakup. Not to be outdone, Australia plays host to AWS’s solar-powered love affair, and Qualcomm sets up shop in Vietnam with AI dreams bigger than your grandma’s cookie jar. Plus, Infosys breathes a sigh of relief as tax hounds retreat. It’s a wild, wild world out there in Asia’s cyberspace!
Key Points:
- Australian Federal Police charged four suspects in a $124 million money-laundering scheme involving a security company.
- APNIC completed a reorganization to increase efficiency by moving away from a ‘pillar’ structure.
- India reduced the size requirements for special economic zones, benefiting Micron’s chip plant project.
- Cambodia has severed internet connections with Thailand amid border tension and anti-scam efforts.
- Qualcomm opens a new AI-focused R&D center in Vietnam, its third-largest globally.