A Chinese National is expected to appear before Bail Division Local Court today (18 September 2026) charged with dealing in the proceeds of crime.
The man, 21, came to police attention following a report from a retailer regarding possible money laundering and fraud activities occurring in grocery stores.
The AFP began an investigation and will allege that between 2024 and 2026, the man was responsible for high-frequency, low-value transactions totalling over $2,000,000, suspected to be proceeds of indictable crime.
A search warrant was executed on a home in the Sydney suburb of Penshurst on 17 September, 2026. Investigations seized electronic documents and banking records for further examination.
Today (18 September 2026) the man was arrested at Sydney Airport after he attempted to depart Australia.
The man was formally charged with one count of dealing with proceeds of crime, money or property more $1 million or more, contrary to section 400.9(1AB) of the Criminal Code (Cth).
If convicted, he faces a maximum penalty of 4 years’ imprisonment.
AFP Detective Acting Superintendent Dan Burnicle said criminals used a variety of techniques to launder illicit cash to obfuscate the origin of the funds.
“Money laundering is the lifeblood of organised crime and keeps criminal enterprises afloat,” said Det a/Supt Burnicle.
“Laundering illicit funds is not a victimless crime and helps fund future criminal schemes, such as drug trafficking, fraud and cybercrime.
“Th AFP has the tools and expertise to follow the money trail and ensure criminals do not profit from their illegal activity.”
