A police investigation into a $62 million money laundering operation in Victoria, dubbed the largest of its kind, has led to the arrest of five people.
Police on Thursday arrested a 31-year-old Caulfield North woman, two 32-year-old men from Blackburn and Burwood, a 36-year-old Endeavor Hills man and a 38-year-old Box Hill man.
Three of the men have been charged with money laundering and proceeds of crime and are expected to appear in Melbourne Magistrates’ Court on Friday.
Deputy Commissioner Bob Hill called the arrest of union members, four of whom had no criminal background and allegedly unknown to the police, as a “significant national consequence”.
“This syndicate has conducted a highly dynamic and agile operation, moving away from traditional venues and outlets associated with money laundering,” Hill said in a statement. Said.
“These were people who lived a quiet and ordinary life in the Melbourne suburbs, but also ran a sophisticated crime syndicate.”
He also said money laundering is not a “victimless crime”.
“These funds are used to operate criminal networks involved in various types of crime, including drug and illegal firearm trafficking,” Hill said.
The 12-month investigation began after police received suspicious third-party deposits from AUSTRAC in October last year.
During the raid on Thursday, police also confiscated millions of dollars in cash, illegal tobacco, money counters, jewelry, sports memorabilia and numerous luxury cars.