$10 million frozen: Ten people arrested across Auckland in money-laundering probe
17 Mar, 2021 02:34 AM
2 minutes to read
Twelve search warrants have been executed in Auckland today by police as part of a money-laundering probe. Photo / File
NZ Herald
Police have carried out 12 search warrants across Auckland this morning, making 10 arrests and frozen more than $10 million in assets - including luxury homes.
The action comes as part of an investigation by the Financial Crime Group into money laundering and other offences.
Detective inspector Lloyd Schmid said this is the third in a trilogy of operations run in 2020 and 2021.
The three operations have seen a total of $21m in assets frozen and 28 people arrested.