Luxury property, cars, boats and cash worth $110 million have been seized from the country’s biggest money-laundering ring by Australian Federal Police, bringing the value of assets taken from alleged criminals to more than $1.1 billion in four years.

AFP Commissioner Reece Kershaw will update the results of Operation Avarus-Nightwolf at a press conference in Sydney on Tuesday. The money laundering investigation led to seven members of an alleged organised crime syndicate being charged in October.