Six charged following cryptocurrency money laundering investigation - Cybercrime Squad
Thursday, 11 March 2021 04:16:09 AM
Cybercrime Squad detectives have charged a further six people as part of an ongoing investigation into a criminal syndicate allegedly involved in laundering money via cryptocurrency.
In October last year, detectives from the State Crime Command’s Cybercrime Squad established Strike Force Curns to investigate a criminal syndicate involved in cyber-enabled money laundering.
Last month, detectives arrested a 30-year-old man and seized $1 million cash during a vehicle stop at Strathfield. The man was charged with 24 offences and remains before the courts.
Following further investigations, Cybercrime Squad detectives arrested six people – a man and five women – across Sydney from 7am yesterday (Wednesday 10 March 2021).
All six were taken to local police stations.
Two search warrants were subsequently executed at home units at Newington and Strathfield, where officers seized electronic devices including mobile phones, laptops and tablets.
Police also seized cash and jewellery including a designer bracelet valued at $6,350.
A 48-year-old Newington man was charged with seven counts of knowingly deal with proceeds of crime with intent to conceal and participate in criminal group contribute criminal activity.
Police will allege in court the man was involved in the cryptocurrency money laundering syndicate and deposited cash into fraudulent bank accounts.
He was refused bail to appear at Burwood Local Court today (Thursday 11 March 2021).
A 24-year-old Strathfield woman was charged with participate in criminal group contribute to criminal activity and four counts of knowingly deal with proceeds of crime.
Police will allege in court the woman was involved in the cryptocurrency money laundering syndicate and dealt with proceeds of crime to the value of $3 million.
A 24-year-old Homebush West woman, a 23-year-old Denham Court woman and 23-year-old Newington woman, were all charged with three counts of recklessly deal with proceeds of crime.
A 23-year-old Concord woman was charged with two counts of recklessly deal with proceeds of crime and two counts of accessory before the fact to recklessly deal with proceeds of crime.
All five women were granted strict conditional bail to appear at Central Local Court on Monday 19 April 2021.
Investigations by the Cybercrime Squad are continuing.
Anyone with information that may assist Strike Force Curns detectives is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence. The public is reminded not to report information via NSW Police social media pages.