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Qld lawyer charged over alleged laundering of $4.5m
The Australian Federal Police (AFP) has charged two Queensland men, including a lawyer, over alleged involvement in a money-laundering syndicate responsible for laundering $4.5 million in cash since February 2021.
Jerome Doraisamy
Yesterday, 24 October 2022, the AFP arrested and charged a 67-year-old man and a 53-year-old man, following an investigation that began in February of this year.
The maximum penalty for the office is 25 years of imprisonment, AFP noted.
As per the daily list for Brisbane Magistrates Court, Mr Bosscher is due to appear today, 25 October 2022.
The 67-year-old, from Helensvale, is facing the same charges, and has also been charged with 29 counts of conducting transactions, to avoid reporting requirements relating to the threshold transactions contrary to section 141(1) of the Anti-Money Laundering and Counter-Terrorism Financing Act, for which the maximum penalty is five years of imprisonment.
It is alleged that the Helensvale man used personal information from clients of his consultancy business to open fraudulent bank accounts. The accounts were opened, the AFP submitted, in the name of some of his clients believed to be without their knowledge.
Mr Bosscher is alleged by the AFP to have supplied millions of dollars of funds that are the suspected proceeds of crime to be deposited into the accounts to avoid detection by authorities.
AFP investigators executed search warrants at addresses in Helensvale, Graceville, Bardon and Brisbane City yesterday as part of the investigation and have seized $70,000 cash from two safes that were hidden under stairs and a cash counter at a Bardon premises, while $160,000 cash was seized from a safe at the home of the Helensvale man.
Moreover, police have seized several mobile phones for further forensic examination.
Speaking about the arrests and charges, AFP acting Commander Investigations Northern Command Adrian Telfer said the federal police is committed to dismantling money laundering enterprises that enabled organised criminal activity.
“Money laundering is the backbone of organised crime. Money is the sole reason organised crime exists, and taking away their ill-gotten wealth is a key priority for the AFP,” he said.
“We will continue to target the structures that enable organised crime to hide their wealth and can’t rule out more arrests as our investigators follow the money.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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