The 54-year-old Earlwood man will appear in Downing Center Local Court on Tuesday after being charged with negligent handling of the proceeds of a crime with the value of $100,000 or more.
The maximum punishment for this offense is 10 years imprisonment.
The Australian Federal Police issued the man with a court appearance notice on 9 September as part of its investigation into a vast criminal syndicate that used labor hire and payroll companies linked to the building and construction industry to defraud the Commonwealth. used.
The syndicate’s investigation began in December 2018, as a result of which AFP investigators followed intelligence identified through several other organized crime investigations.
AFP partnered with the Serious Financial Crime Taskforce to target a conspiracy to siphon off money paid to the Australian Taxation Office.
It would be alleged in court that the person received and had a total of $456,1500 in income from the illegal plan.
AFP says he allegedly used two personal bank accounts to receive funds from five other corporate entities set up to facilitate the fraud scheme.
It will also be alleged that the person was the sole director and secretary of a corporate entity which had received payment for laundering illegally diverted money as part of the scheme from some other entity set up by the syndicate.
AFP Detective Superintendent Matthew Ciantar said the growing list of people charged under Operation Bordelon highlighted the AFP investigators’ tenacity to uncover the full scope of the criminal offense committed by the syndicate.
“These new charges highlight our commitment to ensuring serious criminal activity and serve as a further warning to others in the professional services industry for facilitating the activities of organized crime.”