Sydney Construction Business Owner Charged Over Alleged $2.4 Million Money Laundering Scheme
A 45-year-old man from Killara on Sydney’s North Shore has been charged after allegedly laundering approximately A$2.4 million in criminal proceeds through his construction business, according to the Australian Federal Police (AFP).
The man is due to appear before the NSW Bail Division Court on 4 July 2026.
The charge follows an investigation by the AFP-led Taskforce Avarus, which was launched after a joint AFP and NSW Police investigation in December 2025 resulted in four men being charged over the alleged laundering of A$150 million for an organised crime network.
Police allege the Killara man accepted illicit cash on behalf of the syndicate between June 2024 and November 2025 and used his construction business to disguise the origin of the money. Investigators claim employees were paid using the illicit cash, while legitimate business funds, together with a commission, were transferred back to the syndicate using fraudulent invoices.
On 3 July 2026, AFP officers executed a search warrant at the man’s Killara property, where they allegedly seized several mobile phones, computer data and about A$30,000 in cash.
The man has been charged with dealing with proceeds of crime involving money or property worth A$1 million or more, contrary to Section 400.3(2B) of the Criminal Code (Cth). Police refused him bail.
If convicted, the offence carries a maximum penalty of 12 years’ imprisonment.
AFP Detective Acting Superintendent Dan Burnicle said investigators alleged the suspect had used his business to help conceal criminal proceeds and support organised crime activities.
Taskforce Avarus is a multi-agency partnership involving the Australian Federal Police, AUSTRAC, the Australian Criminal Intelligence Commission, the Australian Border Force and major Australian banks. The taskforce focuses on disrupting sophisticated money laundering operations linked to organised crime.
Source: Australian Federal Police (AFP) Media Release
