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ABC News
ABC News
National

Australian Federal Police dismantle alleged international criminal syndicate based in Sydney

Nine people have been arrested and millions of dollars' worth of Sydney homes, cryptocurrency and luxury items seized after federal police crushed a syndicate allegedly offering money laundering at an "industrial scale".

The Australian Federal Police (AFP) says the group, headed by a 43-year-old Vaucluse man, acted as an "underground bank" allowing organised crime gangs in Australia and abroad to access funds held around the world.

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