Three people have been charged and millions in cash seized following an investigation into an alleged money laundering syndicate, NSW Police say.
As part of ongoing inquiries by NSW Police Force and Australian Crime Commission into money laundering activities, investigators were assisted by officers from the NSW Crime Commission, who were granted an order by the Supreme Court to restrain funds in a number of accounts.
Following the order, detectives from State Crime Command’s Organised Crime Squad executed four search warrants at Homebush West, Carramar, Ryde and Ashfield.
During the searches, detectives seized more than $3 million in cash, as well as documentation and electronic equipment.
Detectives also arrested two men, both aged 24, and a 20-year-old woman, who were all charged with committing an offence for the benefit of a criminal organisation.
The 24-year-old Ashfield man has been refused bail to reappear at Burwood Local Court on Wednesday 15 June 2016.
The 24-year-old Ryde man has been has been granted bail to reappear at Burwood Local Court on Wednesday 15 June 2016.
The 20-year-old Carramar woman has been refused bail to reappear at Fairfield Local Court on Thursday (9 June 2016).
Inquiries are continuing.
