The AFP-led Criminal Assets Confiscation Taskforce (CACT) has restrained more than $10 million dollars in assets – including eight ACT properties, four high-end vehicles, luxury goods, cash and cryptocurrencies – amid an international money laundering investigation.
The AFP executed search warrants at two homes and a storage unit in Canberra on Thursday (28 July, 2022), seizing more than $1.5 million cash hidden inside one house. A number of documents and electronic devices were also examined and seized for further forensic investigation.
A man, 35, based in the ACT was charged on 28 July, 2022 with one count of dealing with property reasonably suspected of being proceeds of crime for an amount of $100,000 or more, under section 400.9(1) of the Criminal Code Act 1995 (Cth). The maximum penalty for this offence is three years’ imprisonment.
He was granted bail and will face court at a later date, where the AFP will allege he used…