Three people have been arrested following investigations into an alleged $80 million money-laundering syndicate operating in Sydney.
In February 2018, detectives from the Criminal Groups Squad established Strike Force Tippet to investigate the large-scale supply of prohibited drugs and related organised crime offences in the south western Sydney area.
As a result of their inquiries, four search warrants were executed at units, including at Peakhurst on March 22 this year.
During the searches, 1kg of methylamphetamine, 600g of cocaine, 1L of GBL, three vehicles, designer clothing, and $360,000 cash was seized.
Three men - all aged 22 - were arrested and charged at that time. They all remain before the courts.
Following further investigations, detectives identified links to an alleged money-laundering syndicate and commenced inquiries.
Inquiries are continuing.