https://www.smh.com.au/national/nsw/sixth-person-charged-over-100-million-money-laundering-syndicate-linked-to-security-business-20200401-p54fuy.html

A sixth person has been charged in connection with a money laundering syndicate that allegedly used a south west Sydney security business as a front to launder $100 million over three to four years.

Assure Protection Services in Guildford was raided by the NSW Criminal Groups Squad in July last year, after alleged money laundering offences were uncovered.

Police then alleged the security firm was a semi-legitimate business, offering services to retail, industrial and commercial industries, however its primary function was to “act as a front” for the money laundering operation.

Four men and a woman have already been charged in connection with the business. All five people remain before the courts.

On Wednesday a 44-year-old man will become the sixth person to face a court over the alleged syndicate, after he was issued a Court Attendance Notice in February.

He has been charged with knowingly directing activities of a criminal group and knowingly dealing with proceeds of crime with intent to conceal.

Police will allege in court that he organised the collection of large sums of money and directed other members of the syndicate to deposit the cash at various financial institutions before it was remitted to China.

He will appear at Parramatta Local Court later today.

Following raids on the security business last year police alleged syndicate members collected cash and moved it through a series of financial transactions in order to disguise its origins and to "give it legitimacy”.

The cash was then allegedly withdrawn and returned to organised crime syndicates or remitted offshore.

Search warrants have also previously been executed at a home in Merrylands, as well as at the office of an accountant on Pitt Street in Sydney.

Investigators from Strike Force Tippet uncovered the alleged syndicate during an unrelated investigation into large-scale supply of drugs such as cocaine, GHB and steroids across south-western Sydney in 2018.