A well-known crime syndicate figure has died after a shooting in Sydney’s CBD.

Police suspect Bilal Hamze, the cousin of notorious gang leader Bassam Hamzy, fell victim to a gangland execution on Thursday night.

Hamze was shot near George Street in Sydney at around 10:45 pm.

Despite paramedics’ best efforts, the man died shortly after being rushed to St Vincent’s Hospital.

A police spokeswoman has confirmed the shooter was still on the loose.

Image: Notorious gang leader Bassam Hamzy

Hamze’s mother — Hamzy’s aunt — survived an attempt on her life while residing in her Auburn home, eight years ago.

Maha Hamze suffered eight bullet wounds to her hip and legs.

At least 21 shots were fired from a Glock pistol into her Auburn home in Sydney’s west.

A man who will remain unnamed for legal reasons, was found guilty of attempted murder in October 2014.

Hamzy is currently locked up in Australia’s toughest prison, Goulburn Supermax.

He has been convicted of murder and trying to run a drug syndicate from his cell.

He has been in prison for almost two decades.

It is from there where he started B4L after converting to radical Islam.

Hamzy was jailed for the 1998 murder of a teenager, Kris Toumazis, outside a Sydney nightclub.

In later years, he was found guilty of running a violent drug ring from his prison cell.

He would make up to 450 phone calls a day using a smuggled mobile phone.

Hamzy allegedly used the phone to organise two kidnappings and a drive-by shooting.

In 2017, prison officers went as far to find a flash drive containing Islamic State material during a targeted search for a phone in his cell.

His brother Mejid Hamzy was shot dead in October as he left his Condell Park home.