Joint Taskforce Targets Sentenced To Imprisonment For Money

< BACK TO CRIME starstarstarstarstar   Government - Crime Press Release
15th October 2009, 06:48pm - Views: 1369






People Feature Australian Crime Commission (ACC) 2 image

Communications and Media Unit   T 02 6243 6843   M 0409 603 637



15 October 2009



Joint taskforce targets sentenced to imprisonment for money

laundering and narcotics trafficking



Three targets of the joint Task Force Gordian were today sentenced in the County Court of Victoria

for imprisonment of up to 10 years for money laundering and trafficking narcotics. The taskforce

involved the Australian Crime Commission (ACC), Australian Federal Police, AUSTRAC, Australian

Taxation Office, Australian Customs and Border Protection Service, Victoria Police, New South

Wales Police Force and the New South Wales Crime Commission.


Mr Terry Xin Liang was charged and pleaded guilty to trafficking heroin and dimethylamphetamine

(ice) and laundering over $4 million. Mr Liang was sentenced to 10 years imprisonment with a non-

parole period of seven years. 


Ms Thi Kim Hong Tran was charged and pleaded guilty to laundering and structuring over $9

million, and was sentenced to three and a half years imprisonment with a non-parole period of two

and a half years. 


Ms Kim Phuong Tran was charged and pleaded guilty to money laundering over $5.5 million, and

was sentenced to seven and a half years imprisonment with a non-parole period of five years. This

sentencing was greatly assisted by valuable AUSTRAC intelligence.


Acting ACC Chief Executive Officer Mr Michael Outram said that today’s sentence demonstrated

what can be achieved when different agencies combine their expertise and resources to detect,

target and monitor criminal money flows and business structures.


“Task Force Gordian has been disrupting the facilitators of money laundering and tax fraud, and

investigating a number of money transfer and remittance businesses operating in Melbourne and

Sydney. 


“Approximately $93 million has been laundered using four money remittance businesses to deposit

and transfer large sums of cash overseas. Today’s sentence is another significant win in disrupting

the organised criminal networks involved in this illegal activity,” Mr Outram said.


AUSTRAC Chief Executive Officer Mr John Schmidt said that protecting Australia’s financial

system from misuse requires the continued collaboration of government agencies. 


“Task Force Gordian is a prime example of the benefits which can flow from such interagency

collaboration,” Mr Schmidt said.


Task Force Gordian was established from May 2005 to June 2007, to investigate the key structures

and networks used by organised crime to finance criminal enterprises, launder the proceeds of

crime and evade tax. It sought to disrupt these established criminal networks by targeting

accountants, money remitters and the financial service providers who assist them to commit

criminal offences. As a result of the Task Force, 16 criminal syndicates have been disrupted and 73

persons charged with money laundering and serious drug offences, including seven principal

targets conspiring to launder $93 million.






news articles logo NEWS ARTICLES
Contact News Articles |Remove this article