Detectives from the Queensland Police Financial and Cyber Crime Group’s Money Laundering Unit have dismantled a sophisticated syndicate suspected of laundering more than $1.15 million in criminal proceeds.
Detectives executed simultaneous search warrants across Bundaberg, Inala, and Mildura in May, uncovering significant sums of cash, electronic devices, and other evidence of criminal activity. Subsequent investigations and interstate collaboration have resulted in additional arrests and charges.
The protracted investigation has led to the arrests of three men and two women across Queensland and Victoria, with the final arrest on November 26 at a residence in Arundel.
Detective Acting Inspector Steve Paskin said the operation dismantled a criminal network that posed a significant threat to the integrity of Australian financial systems.
“The Queensland Police Service remains committed to identifying and prosecuting those involved in financial crime and money laundering,” said Det A/Insp Paskin.
“This outcome reflects the strength of our partnerships with interstate agencies. Money laundering is used by organised crime to fund drug and human trafficking, and the illicit funds from the shadow economy also finance terrorism groups.”
All five people have been charged under Commonwealth laws for dealing with proceeds of crime exceeding $100,000.
A 32-year-old Bundaberg man was charged with Commonwealth money laundering offences and is expected to appear in the Brisbane Magistrate Court February 21, 2025.
A 59-year-old Inala woman was charged with Commonwealth money laundering offences and appeared in the Brisbane Magistrate Court on November 25.
A 41-year-old Mildura (Victoria) man was charged with Commonwealth money laundering offences and is expected to appear in the Southport Magistrate Court February 17, 2025.
A 33-year-old Mildura (Victoria) woman was charged with Commonwealth money laundering offences and is expected to appear in the Southport Magistrate Court February 17, 2025.
A 40-year-old Arundel man was charged with Commonwealth money laundering offences and is expected to appear in the Southport Magistrate Court February 17, 2025.
“Community vigilance is essential in combating money laundering, and we urge anyone with information about money laundering to contact Crime Stoppers on 1800 333 000,” said Det A/Insp Paskin.
