Financial Crime Group Nets Six Arrests and $5 Million in Assets

Major Investigation into Alleged Money Laundering Activity Yields Significant Results

A long-running investigation by the Financial Crime Group has culminated in six arrests and the seizure of properties, vehicles, and other assets worth around $5 million. The operation, code-named “Brookings,” was launched in 2020 to target alleged money laundering activity.

Search Warrants Executed Across Auckland

This morning, officers from the Financial Crime Group carried out search warrants at six addresses across Auckland as part of Operation Brookings. The warrants were executed simultaneously, resulting in the restraint of properties and assets valued at least $5 million.

• Properties: Three properties in Half Moon Bay, Te Atatu, and New Lynn have been restrained, with a combined value of at least $3.3 million.
• Vehicles: Seven luxury vehicles, including a Lamborghini Huracan worth approximately $450,000, have been seized. The vehicles also include three new 2020 Mercedes-Benz models, one of which is a G-wagon valued at around $280,000.
• Other Assets: A boat and three motorbikes were also seized during the search warrants.
• Cash: Approximately $250,000 in cash was located and restrained.

Individuals Charged with Money Laundering Offences

Four men and two women, aged between 29 and 65 years old, have been charged with money laundering offences. A 40-year-old man will appear in the Auckland District Court tomorrow, while the remaining individuals will face court on October 20.

Statement from Detective Superintendent Iain Chapman

Detective Superintendent Iain Chapman, National Manager of the Financial Crime Group, says today’s arrests are a result of hard work and dedication by Police to target money laundering offenders. He warns that those engaging in this activity can face severe consequences, including imprisonment.

“These alleged offenders profited from laundering funds overseas that were believed to be generated from criminal offending,” he said. “These individuals are motivated by financial greed and have no concern for the criminal offending that has generated the funds they are profiting from.”

The maximum penalty for money laundering is seven years imprisonment. Detective Superintendent Chapman emphasized that the Financial Crime Group will continue to target those engaging in this activity.

“The offenders typically drive luxury vehicles which they use as status symbols, and Police will continue to work tirelessly to restrain any assets derived from the proceeds of illegitimate activity,” he said.