NSW Police arrest four, seize more than $8m cash as part of alleged international money laundering operation – ABC News


NSW Police arrest four, seize more than $8m cash as part of alleged international money laundering operation
NSW Police have charged four people and made its largest single seizure of cash, as part of investigations into an alleged money laundering and drug syndicate operating out of Sydney with links to Asia.
Police seized $7.8 million from a home at Rhodes in Sydney's inner-west yesterday, which is where they believe the money was being counted and prepared for laundering.
The seizure included almost $5 million in cash stashed in the boot of a car.
"It was $3.1 million in the apartment, and then obviously a set of keys linking a vehicle to that apartment," State Crime Commander, Stuart Smith said.
"Downstairs in the garage we located $4.78 million in the boot of a vehicle.
"In terms of organised crime, we've obviously set a new record for a singular seizure of $7.8 million."
More than $8 million was seized in total, with further amounts of cash taken from homes in Campsie and Burwood along with small amounts of drugs.
Police alleged a 27-year-old woman who was charged in Burwood was found by police trying to "flush an ounce of amphetamine down a toilet bowl".
Commander Smith said police would allege four people — two men and two women — were part of a syndicate laundering money and a drug ring.
He said the group was linked to the importation and supply of drugs, but the arrests were "significant in terms of these people being money remitters".
"The investigation itself centred on a 32-year-old man from Campsie, who we believe is the controller of the group and his connection with the casino in Sydney," Commander Smith said.
The 32-year-old "was banned from The Star casino" but returned there multiple times to allegedly launder money.
Public hearings are due to be held in March as part of a review of The Star casino, examining the company's ability to counter money laundering and infiltration by organised crime.
Police said more arrests were expected.
Police said two of the people charged were connected to Hong Kong syndicates, while another was connected to Asian crime gangs in Sydney.
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