The NSW Police Force Organised Crime Squad has charged seven individuals as part of an ongoing investigation into money laundering and large-scale drug supply. The operation, known as Phobetor-Enyo, is a joint effort between the NSW Police Force, the Australian Federal Police, the Australian Criminal Intelligence Commission, and the NSW Crime Commission.
The investigation, which began in 2022, has identified a 37-year-old man in Vietnam who allegedly ran a money laundering syndicate in New South Wales. The syndicate is believed to have converted large amounts of cash into cryptocurrency on behalf of organised crime groups involved in drug supply.
