Luxury properties and cars restrained on the Gold Coast in proceeds of crime action

Porsche

The Australian Federal Police (AFP) led Criminal Assets Confiscation Taskforce (CACT) executed search warrants on the Gold Coast successfully restraining properties, cash and a luxury vehicle valued in excess of $2.5 million.  

Search warrants on 14 March were executed on a Gold Coast business and residential property where AFP officers from Melbourne and Brisbane seized evidential material and obtained orders restraining assets including; a water-side residence in Surfers Paradise valued at $1.5 million, a semi-rural block in NSW valued at $1 million, a 2016 Porsche Macan valued at $130,000 plus associated bank and trust accounts. Additionally, more than $200,000 in cash was found and seized at one of the premises.

In 2017, Criminal Assets Confiscation Taskforce (CACT) members from Melbourne initiated an investigation under the Proceeds of Crime Act 2002 into the financial activity and asset holdings of a 47 year old Gold Coast woman in relation to suspected offences under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 and the Criminal Code Act 1995.

Police will allege the woman’s possessions were inconsistent with her declared earnings and have been obtained via unlawful means.

Civil proceedings under the Proceeds of Crime Act 2002 have been commenced in relation to the following suspected offences:

  • Use a false document contrary to section 137 of the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Cth) (AML/CTF Act);
  • Providing false information to a reporting entity contrary to section 136 of the AML/CTF Act 2006 (Cth);
  • Receiving a designated service using a false customer name contrary to section 140 of the AML/CTF Act 2006 (Cth);
  • Obtain a financial advantage by deception contrary to section 82(1) of the Crimes Act 1958 (Vic); and

No criminal charges relating to the assets have been laid on any persons at this time.

The multi-agency CACT has primary responsibility for the investigation and litigation of Commonwealth proceeds of crime matters. CACT is led by the AFP and includes representatives from the AFP, the Australian Criminal Intelligence Commission (ACIC) and the Australian Taxation Office (ATO). The focus of CACT is to prevent the reinvestment of criminal profits and remove the benefits derived from crime by tracing, restraining and confiscating such proceeds of crime. The Taskforce also includes expert Litigators and Forensic Accountants. Commonwealth partner agency Australian Transaction Reports and Analysis Centre (AUSTRAC) information was also used in this investigation.

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