WA Police crack alleged international money laundering racket

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WA Police have foiled an alleged international money laundering operation, finding a multimillion-dollar haul of luxury items in Perth's north-west.

Among the items seized was an $80,000 Louis Vuitton trunk you won't see on the shelf as it has to be made to order.

There was also a $42,000 clutch by the designer and $6500 monogrammed teddy bear, along with baby shoes valued at more than $2500.

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WA Police have foiled an international money laundering operation, finding a multi million-dollar haul of luxury items in Perth's northwest.

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"I haven't seen anything like this and not to this extent," Detective Sergeant Trisha Stjepic said.

The high end items were allegedly bought in Perth before being marked up and sold overseas, moving profits and GST claims offshore.

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"We have been able to disrupt this group and hit them where it hurts most," Stjepic said.

Police said they cracked the syndicate last Friday in City Beach, with detectives raiding the Boulevard home and seizing 209 designer handbags, almost $2 million worth of watches, and three sports cars worth $200,000 each.

WA Police have foiled an international money laundering operation, finding a multi million-dollar haul of luxury items in Perth's northwest.

Later that day they found 300 allegedly fraudulent bank cards in a Thor Street, Innaloo home.

All up more than $6 million in cash was seized, along with land in Churchlands worth more than $2 million.

Two men aged 36 and 55 have been charged.

"It will also be alleged that the men used the money and cards to commit money laundering offences and the proceeds of these offences were used to buy the luxury items and land," Stjepic said.

WA Police have foiled an international money laundering operation, finding a multi million-dollar haul of luxury items in Perth's northwest.

"We know that organised crime people need to move their money and they often use money launderers to do that, just hiding their activities."

If detectives didn't stop the alleged money laundering operation, the luxury items were destined to be sold offshore.

They will now be held, frozen by police, before being auctioned off to the public.