Australian Federal Police officers have smashed an organised crime syndicate seizing a record $150 million haul of assets, including mansions, property in western Sydney, cryptocurrency, designer watches and handbags.
Assistant Commissioner Kirsty Schofield said nine people arrested on Wednesday would face court on Thursday, with the leader of the crime group facing up to 25 years in jail if convicted.
The gang allegedly operated as an "underground bank" moving proceeds of crime between overseas accounts from 2018-2022, bypassing international financial systems.
