Organised Crime Squad detectives seized $1.3M during a vehicle stop on the Central Coast last week under Strike Force Mactier.
The Strike Force was established by State Crime Command’s Organised Crime Squad, working in collaboration with the Australian Criminal Intelligence Commission (ACIC) as part of an ongoing investigation into alleged money laundering offences by organised crime groups across Sydney.
At about 1.30pm on Tuesday, May 7, strike force detectives, with assistance from officers attached to Traffic and Highway Patrol Command, stopped a Toyota SUV at a service station on the M1 Motorway, near Wyong.
During the stop detectives located and seized $1.3M of Australian currency in the vehicle.
The driver, a 40-year-old man, was arrested and taken to Wyong Police Station.
Later that day at 7.50pm, strike force detectives executed a search warrant at a home on Herring Rd, Macquarie Park, where they seized $4,700 and information detailing several banks accounts containing a further $250,000.
The 40-year-old was charged with knowingly deal with proceeds of crime.
Detectives will allege in court that the man was involved in a significant money laundering operation working within Sydney.
He was refused bail.
Investigations under Strike Force Mactier are continuing.