Allegedly, millions of dollars have been removed from the balance and stock trading accounts as part of cyber-fraud.
Several victims are said to be affected by the syndicate, which was uncovered by the Australian Federal Police and Australian Securities and Investment Commission on Tuesday.
Authorities have been investigating alleged cyber crime for more than 1
She was due to stand trial later this Tuesday.
Accused of being part of a consortium that used stolen identity information purchased on dark net marketplaces, along with disposable phone SIM cards and fake email accounts, to "take ownership" to reach. Police said.
These identities mimicking ignorant real people were allegedly used to open accounts at various domestic banking institutions. Inquiries have resulted in at least 70 such accounts.
The Syndicate allegedly emptied money into its accounts stealing funds from victims' superannuation and stock trading accounts in ASX-listed companies.
The police accused the members of the syndicate of trying to cover their tracks by withdrawing the funds abroad and using them for the purchase of assets such as jewelry before being returned to Australia via cryptocurrencies.
"The consequences of the identified violations are far-reaching and can be traced back to cybercrime, which affects every Australian," said the AFP commander for cybercrime, Chris Goldsmid.