AFP reveals $250m haul of assets seized from organised crime

See the amazing haul of luxury good and products seized by AFP officers as they set their sights on dismantling the lifestyle of anyone profiting from organised crime.

The AFP is seizing an average of about $5m a week in assets from criminal syndicates, hauling in mansions, boats, cars, jewellery and even a farm bought with dirty money.

The massive haul comes as the federal police attempt to inflict maximum damage on organised criminal syndicates by targeting everything bought with tainted money.

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The AFP seized this $5 million Tasmanian farm linked to a massive money laundering scheme based out of China.

AFP Criminal Assets Confiscation Task-force national manager Stefan Jerga said officers were “undermining the profitability of criminal enterprises”.

“We come after all their assets,” he said. “Whether it be the roof over their heads, their modes of transport and recreational toys, moneys in their possession or bank accounts, or the watches, bags and shoes they parade, we target it all.”

Police are seizing luxury goods purchased by the wives and girlfriends of organised crime bosses.

Criminals charged with a large scale fraud and alcohol smuggling racket lost this $4.5 million Sydney home and their $250,000 Mercedes-Benz.

This financial year the taskforce has restrained more than $150 million of criminal assets in courts across Australia and about $100 million from overseas cases.

The bounty includes a 1200ha Tasmanian farm worth $5 million, mansions, luxury cars and boats, bank accounts, cash, cryptocurrency, high end jewellery and luxury goods such as handbags.

An investigation into a large scale customs fraud and alcohol smuggling matter led to the seizure of a $4.5 million home in Sydney’s eastern suburbs and a $250,000 Mercedes-Benz.

Items have been seized in cases involving money laundering, drug trafficking, illicit tobacco, identity crime, tax and corporations offences and various types of fraud.

In 2019, the AFP seized a $5 million palatial Sunshine Coast waterfront mansion from the daughter of a bankrupt French businessman accused of embezzling $30 million from investors.

Mounds of cash have been seized by AFP officers investigating organised crime.

“Targeting the criminal economy by confiscating criminal assets, and removing the profit from crime, is one of a number of strategies deployed by the AFP and its partners to disrupt organised criminal activity and deliver maximum damage to the criminal environment,” Mr Jerga said.

The seized goods are held while all court proceedings play out and are then sold.

The party was over for the owners of this house in Melbourne’s western suburbs when the AFP knocked on the door.

The Home Affairs Minister then redistributes the money to crime prevention and law enforcement related measures such as child protection, Neighbourhood Watch programs and a national DNA program for unidentified and missing persons.

A waterfront mansion seized as proceeds of crime.