CANBERRA, ACT, Oct. 15 -- Australian Federal Police issued the following media release:

This is a joint media release with the Australian Federal Police, Australian Sanctions Office and AUSTRAC

Editor's note:search warrant footage and Farsi audio grabs from an AFP spokesperson are available via Hightail.

The AFP has charged a western Sydney man, 34, for allegedly remitting about $650,000 to Iranian banks in contravention of Australian Government sanctions.

The man, a director of an Auburn registered remittance company, allegedly processed 543 international currency transfers, totalling $649,308, to sanctioned banks in Iran during a 12-month period.

Registered money remitters are legitimate businesses which can facilitate international ...