Three charged after approximately $1 million cash seized in Sydney

Two Cypriot men and a Greek woman have been charged with proceeds of crime offences after roughly $1 million dollars in cash was seized by the Australian Federal Police (AFP) in two search warrants in Sydney last Friday.

AFP officers executed search warrants in the NSW suburbs of Tempe and Narwee on Friday, 14 December 2018, during which an estimated $1 million was found concealed in various handbags around the two properties. Investigators are still in the process of documenting and counting the cash.

Two 37-year-old men and a 31-year-old woman appeared before Parramatta Local Court on  Saturday (15 December 2018) charged with  dealing in proceeds of crime - money or property worth $100,000 or more – contrary to Section 400.9(1) of the  Criminal Code 1995 (Cth).

The maximum penalty for this offence is three years imprisonment.

It will be alleged the three people were working for criminal syndicates involved in drug distribution and money laundering in both Australia and overseas

Detective Superintendent Nathan Barron, Coordinator National Response Operations in Sydney, said the investigation into this matter remains ongoing, but it will be alleged the activities were supporting organised crime activity.

“Disrupting the movement of cash and significant assets as the proceeds of crime remains a key focus for our investigators targeting organised crime activity,” Det. Supt. Barron said.

“Our message to organised crime groups and facilitators in Australia is clear – the AFP and its partners will continue to target your money and assets, seize them, and prosecute you to the fullest extent possible.”

The three people were denied bail and have been remanded in custody to re-appear at Sydney Central Local Court on 10 January 2019.

*Editor’s note: Photos are available to download: https://spaces.hightail.com/receive/9uJjj8Fqyn 

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