A Sydney-based international crime ring that allegedly laundered $150 million to finance criminals has been uncovered and dismantled in a major bust.
Nine group members were charged after AFP stormed 13 locations across the Harbour City on Wednesday and discovered $150 million of illegal items.
The global crime ring, with headquarters in Sydney, allegedly acted as a global bank by laundering illicit funds across borders to finance criminals and other criminal groups.The orders seized more than 20 Sydney properties including commercial buildings in the CBD and two houses worth more than $19 million combined in eastern suburbs.
AFP Assistant Commissioner Eastern Command Kirsty Schofield said money laundering was a “global threat which no agency can combat alone”. More than $1 million in luxury cars were also repossessed by officers. Picture: Supplied/Australian Federal Police
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