Australia: How police cracked Queensland money laundering case

142

November 23, 2017

A 32-year-old unemployed man who allegedly accumulated millions in unexplained wealth, including four houses on the Gold Coast, had 15,000 of his phone calls tapped by the Australian Federal Police. Michael Bankier, of Wongawallan, was granted bail on a $250,000 surety when he appeared in the Southport Magistrates Court this morning charged in relation to a money laundering syndicate that allegedly involved a Mongols bikie and a Northern NSW accountant.

He has been charged with dealing in proceeds of crime and money worth $1 million or more.  The court heard he was arrested after Australian Federal Police gathered evidence through more than 200,000 telephone intercepts.