A man is set to front court today after federal police charged him with allegedly laundering $2.4 million of criminal cash through his construction business.
Investigations into the man from Sydney’s North Shore began last December and led to four men being charged with laundering $150 million in illegal cash.
Police allege the man laundered the dirty cash through his construction business. Australian Federal Police
They will allege that the 45-year-old received dirty money on behalf of the illegal group to launder through a construction business between June 2024 and November 2025.
The four men who were charged are believed to be members of a sophisticated money laundering syndicate that allegedly laundered the cash for an organised crime group.
Police were able to identify the 45-year-old man from Killara after they analysed devices that were seized during the investigation.
He allegedly paid his construction workers with dirty money and then transferred legitimate cash earned by the business as well as commissions back to the syndicate under a fraudulent invoice.
A search warrant was executed in Killara on Friday, with police seizing several electronic devices as well as about $30,000 cash.
The 45-year-old was charged with one count of dealing with proceeds of crime and was denied bail.
If found guilty, he could face up to 12 years behind bars.