A 35-year-old Burwood woman has been charged with money laundering and is scheduled to appear in Sydney Central Local Court.
In November 2009, the Australian Federal Police (AFP) received information from the Australian Crime Commission’s (ACC) Financial Intelligence Assessment Team (FIAT) about the activities of people allegedly remitting money to China.
The FIAT is a national multi-agency initiative which is part of the new Criminal Intelligence Fusion Centre, involving the AFP, ACC, Australian Transaction Reports and Analysis Centre, Australian Taxation Office, Australian Customs and Border Protection Service, Australian Securities and Investments Commission, Centrelink, and the Department of Immigration and Citizenship.
FIAT intelligence identified over $2.4 million being sent to bank accounts in China, which was suspected to be undeclared income.
AFP members yesterday arrested the woman in the Sydney central business district, and during a search of her vehicle located approximately $21,000 in cash.
It will be alleged in court that the woman used up to four false identities to send money to China and have it remitted back to Australia into bank accounts under her control.
The woman was charged with dealing in proceeds of crime greater than $1 million contrary to section 400.3 of the Criminal Code Act 1995.
The maximum penalty for this offense is 25 years imprisonment and/or a $165,000 fine.
Source: AFP
Net News Publisher for Australian News
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