An 18-month investigation by the Australian Federal Police, assisted by the Queensland Joint Organised Crime Taskforce, led to the arrest of four individuals linked to an alleged $190 million money-laundering network. The accused reportedly operated through a Queensland-based security company that utilized fake businesses, couriers, and cryptocurrency to process illicit funds.
Authorities have frozen A$21 million worth of assets, including 17 properties, vehicles, and bank accounts, as part of the ongoing criminal assets seizure operation.
A central figure in the scheme is 32-year-old Aleksander Alincic from Heathwood, who allegedly funnelled A$9.5 million through a sales-promotion company he controlled via dead drops, bank accounts, and crypto exchanges. Gold Coast couple Daniel and Nicole Ware, directors of the implicated security firm, are accused of laundering over A$10 million. Brisbane businessman Peter Nolan reportedly passed A$6.4 million through his classic car dealership.
Investigators say the operation used a complex web of transactions—including shell companies and flights to transport cash—before converting it into cryptocurrency. During raids, law enforcement confiscated crypto wallets, cash, encrypted devices, and business records.
Detectives described the investigation as targeting a “sophisticated operation” that converted criminal profit into tangible assets like property, luxury vehicles, and digital currency. Authorities caution that further arrests remain possible as investigations into the origins and overseas transfers of the funds continue.
