Overview

• Four people — three men aged 32, 48 and 58, and a 35-year-old woman — have been charged with laundering more than $10 million in criminal proceeds.
• Investigators allege the Gold Coast-based security firm’s armoured transport unit and network of couriers obscured illicit cash by funneling funds through bank accounts, businesses and cryptocurrency exchanges over an 18-month period.
• Between October 2022 and May 2024, police say the operation converted roughly $190 million into cryptocurrency to conceal criminal proceeds.
• Authorities have frozen approximately $21 million in suspected assets, including 17 properties, bank accounts and vehicles across Queensland and New South Wales.
• The 48-year-old director and 35-year-old general manager are set to appear in Southport Magistrates Court on July 21, and a 58-year-old West End man will face Brisbane Magistrates Court on August 1.