A 40-year-old man in Sydney has been charged over his alleged role in a transnational money laundering network suspected of handling more than AUS$123 million for organised crime syndicates. Australian Federal Police charged the man with one count of recklessly dealing with proceeds of crime worth AUS$10 million or more and one count of recklessly dealing with proceeds of crime worth AUS$100,000 or more. AFP seized about AUS$750,000 in cash during searches of two homes. Police also took luxury handbags, watches, and a cash-counting machine. The alleged scheme is described as laundering proceeds for multiple organised crime syndicates. The AFP investigation led to the charges against the Sydney man, who is accused of dealing with large sums linked to the proceeds of crime. The man is charged and the case is at the stage of criminal proceedings following AFP action, with no trial outcome reported in the provided details.