Luxury homes, jewellery,and BMWs have been seized in a money laundering crackdown 16 May 2021
A home in Auckland s St Heliers was swarmed by the Armed Offenders Squad in March - as part of Operation Ida - 10 arrests were made and more than 10 million dollars in assets were seized.
Police allege the funds were being used to import illicit drugs into New Zealand.
The 10 people are facing multiple charges - including money laundering, obtaining by deception and possessing methamphetamine, cannabis and cocaine for supply.
A $3.6 million home overlooking Ladies Bay Beach in the Auckland suburb of St Heliers was swarmed by the Armed Offenders Squad on the morning of March 17 a
Auckland luxury homes, jewellery, BMWs seized in money laundering crackdown
15 May, 2021 05:00 PM
4 minutes to read
Police made 10 arrests and their Asset Recovery Unit restrained more than $10 million in assets as part of Operation Ida. Video / New Zealand Police
Police made 10 arrests and their Asset Recovery Unit restrained more than $10 million in assets as part of Operation Ida. Video / New Zealand Police
A $3.6 million home overlooking Ladies Bay Beach in the Auckland suburb of St Heliers was swarmed by the Armed Offenders Squad on the morning of March 17 as the property was seized and its occupants arrested.
A total of $6000 found on the property and $200,000 worth of jewellery hidden in a safe were also seized, including a ruby and diamond necklace with an approximate value of $49,100.
NZ POLICE
Police seized eight luxury cars when they carried out search warrants across Auckland as part of Operation Martinez. This video was originally published in November 2020.
With money laundering prosecutions on the rise and about $1.35billion laundered through businesses annually as a result of fraud, illegal drugs, tax evasion and other crimes, is New Zealand enforcement doing enough? The Paris-based Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog, setting standards for more than 200 countries and jurisdictions to help authorities combat serious crime including drug smuggling, human trafficking and terrorism. FATF reports identify what countries are doing right - and where they need to improve - in relation to anti-money laundering and counter-terrorist financing frameworks.
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