NSW cops bust $100m money-laundering gang

Two men and a woman have been charged over an alleged $100 million money-laundering syndicate operating in southwest Sydney.

Two men aged 29 and 30 were arrested at a business in Guildford West on Thursday morning, followed a short while later by the arrest of a 30-year-old woman at a home in Merrylands West.

Three search warrants were executed at the Merrylands West home, the Guildford West business and a second business in Sydney's CBD. During the searches, police seized a money counting machine, $400,000 in cash, $10,000 of gold bullion, electronic devices, a Ford Mustang and designer jewellery, as well as financial documents.

Police will allege the group has been operating since 2016 and laundered in excess of $100 million.

The trio have been refused bail, with the men to appear at Parramatta Local Court and the woman at Fairfield Local Court later on Friday.