A Sydney woman has been charged for her alleged role in a sophisticated multi-million-dollar fraud and money laundering syndicate operating across the city.

Detectives began an investigation in January last year into an alleged criminal syndicate targeting car finance companies under Strike Force Myddleton.

Police said the fraud and money laundering syndicate had used stolen personal information to apply for loans for luxury "ghost cars" which did not exist.

A 37-year-old woman was arrested at Day Street Police Station yesterday morning.

She was charged with 11 counts of dishonestly obtaining a financial advantage by deception and participating in a criminal group contributing to criminal activity.

She was granted conditional bail to appear before Downing Centre Local Court on

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