Three arrested as part of $80 million money-laundering syndicate

Three people have been arrested following investigations into an alleged $80 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.

As a result of their inquiries, four search warrants were executed at units in Peakhurst and Belmore on Friday 22 March 2019.

During the searches, 1kg of methylamphetamine, 600g of cocaine, 1L of GBL, three vehicles, designer clothing, and $360,000 cash was seized.

Three men – all aged 22 – were arrested and charged at that time. They all remain before the courts.

Following further investigations, detectives identified links to an alleged money-laundering syndicate and commenced inquiries.

Strike Force investigators arrested two men – aged 29 and 30 – at a business in Guildford West about 9am today (Thursday 11 July 2019).

Shortly after, a 30-year-old woman was arrested at a home in Merrylands West.

They have all been taken to Merrylands Police Station where they are assisting with inquiries.

Three search warrants have been executed at the Merrylands West home, the Guildford West business and a second business in Sydney’s CBD.

Inquiries 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.

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