Sixth man charged over $100 million money-laundering syndicate

Detectives have charged a sixth man as part of investigations into an alleged $100 million money-laundering syndicate operating in south west Sydney.

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 four men – aged 29, 31 and two aged 30 – and a 30-year-old woman in July 2019.

They have all been charged and remain before the courts.

As a result of further investigations, a 44-year-old man was issued a Court Attendance Notice at a Silverwater facility on 12 February 2020 for knowingly direct activities of criminal group and knowingly deal with proceeds of crime intent to conceal.

Police will allege in court that the man organised the collection of large sums of money and directed other members of the syndicate to deposit the cash at various financial institutions before it was remitted to China.

The man remains in custody and is due to appear at Parramatta Local Court today (Wednesday 1 April 2020).

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 Information is treated in strict confidence.

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