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Police officers have made a major bust against a Sydney money laundering operation which saw the seizure of about $4.7 million in cash, illicit drugs, and a number of cryptocurrency ATMs in the city’s inner-south.

Three men were arrested on Friday after detectives searched two units on Gardeners Road, Mascot and a storage unit in Kingsgrove locating the cash as well as money counters, mobile phones, laptops, and three cryptocurrency automatic teller machines.

Five kilograms of prohibited drugs including heroin, methylamphetamine and cocaine were also seized for forensic examination.

$4.7m cash was seized when police enetered a warehouse in a money laundering bust in Sydney's inner-south.
$4.7m cash was seized when police enetered a warehouse in a money laundering bust in Sydney’s inner-south. (NSW Police)

Two men – aged 34 and 39 – were found to have more than $150,000 worth of cash on them, with one man carrying 13 envelopes of drugs.

The three men were taken to Mascot Police Station and charged with multiple criminal and money laundering offences.

Three men have been charged with multiple offences after police busted an inner city money laundering operation.
Three men have been charged with multiple offences after police busted an inner city money laundering operation. (NSW Police)
Police have seized three crypto ATMs in a money laundering bust in Sydney's inner-south.
Police have seized three crypto ATMs in a money laundering bust in Sydney’s inner-south. (NSW Police)

State Crime Command’s Organised Crime Squad Commander, Detective Superintendent Robert Critchlow, said the arrests and seizures are testament to multi-agency operations in disrupting major crime across the state.

“Strike Force Mactier is a strong multi-agency operation which has shown to continue to disrupt serious organised crime in NSW,” Det Supt Critchlow said.

“Our capabilities together are second-to-none and allow us to respond to the evolving criminal landscape across the state quickly and efficiently.”

Source: 9News

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