Detectives investigating $100 million money-laundering syndicate arrest fourth person at Sydney Airport

Detectives investigating an alleged $100 million money-laundering syndicate operating in south west Sydney have arrested a fourth person at Sydney International Airport.

In February 2018, detectives from the Criminal Groups Squad established Strike Force Tippet to investigate the large-scale supply of prohibited drugs and related organised crime offences in the south western Sydney area.

During the investigation, strike force detectives also identified an alleged money-laundering syndicate and commenced inquiries.

Following those inquiries, Strike Force Tippet investigators arrested two men – aged 29 and 30 – at a business in Guildford West and a 30-year-old woman at Merrylands West earlier this month.

They have all been charged and remain before the courts.

As a result of further investigations, Strike Force Tippet detectives attended Sydney International Airport where they arrested a 30-year-old man who was preparing to board a flight to New Zealand about 8am on Friday (19 July 2019).

He was charged with participate criminal group contribute criminal activity, knowingly deal with proceeds of crime intent to conceal (not less than $100 Million AUD), and attempt to dishonestly obtain financial advantage by deception.

Police will allege in court that the man was a member of the syndicate and attempted to defraud an investment company in Singapore of $2.5 million.

He was refused bail and appeared at Central Local Court on Friday, where he was formally refused bail to re-appear at the same court on Tuesday 23 July 2019.

Investigations under Strike Force Tippet are continuing.

Anyone with information that may assist Strike Force Tippet investigators is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence.

/Public Release. View in full here.