A man will front court accused of laundering more than $2.4 million for a organised crime group through his construction business.
A 45-year-old man was arrested at a home in Killara in Sydney’s North Shore, on Friday following a joint investigation involving both NSW and Australian Federal Police (AFP) stemming back to December.
It will be alleged he paid staff with cash from a criminal syndicate between June 2024 and November 2025.
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The man is accused of then using money earnt legitimately through the business to pay the syndicate with a fraudulent invoices, while also taking a commission.
He was charged with one count of dealing with more than the proceeds of crime worth more than $1 million.
If convicted, he could spend as much as 12 years behind bars.
Investigations into the man were launched after he was allegedly linked to a group of four men accused of laundering $150 million in an allegedly separate plot.
They remain before the courts.
AFP Detective Acting Superintendent Dan Burnicle said investigations into alleged money laundering are inherently difficult and negatively impact the broader community.
“We allege this man used his own business as a front to launder dirty cash and avoid taxes, which enabled the money laundering syndicate to keep up their services for organised crime,” Burnicle said.
“Laundering any form of illicit cash is a criminal offence and fuels further criminal activity which negatively impact the community, such as drug trafficking and cybercrime.”
