The dramatic moment police take a man through Sydney airport after he was caught allegedly trying to deposit $1 million worth of dirty money in a Brisbane bank

A 36-year-old man allegedly caught trying to deposit $1 million worth of dirty money into a Brisbane bank has been arrested again at Sydney Airport.

In October, ANZ Bank’s financial crimes team referred a man to the Australian Federal Police, prompting police to launch an investigation into alleged money laundering.

An AFP spokesman said the four men faced proceeds of crime charges in the following months, with investigators arguing in court that they were part of a syndicate that laundered more than $10 million.

“The syndicate is suspected of coordinating the collection of criminal proceeds through dead cash drops,” the spokesman said.

“The funds will be deposited into online banking accounts associated with the syndicate and then quickly transferred to the cryptocurrency.”

Police will allege the group has links with Korean and Middle Eastern organized crime figures based in Sydney.

A 36-year-old man was arrested in Brisbane in October after allegedly trying to deposit $1 million in a bank and charged with dealing in money believed to be the proceeds of crime.

Released on bail, he is due to appear in court in Brisbane on December 6.

According to AFP, the same man was arrested again at Sydney airport on Tuesday and charged with recklessly dealing in the proceeds of crime worth at least $1 million.

Two men, aged 51 and 38, were arrested on November 17 when officers raided five properties in Sydney’s Milsons Point, Concord, Strathfield and Rhodes.

Money counting machines, two luxury watches, cash payment receipts, electronic devices and cigarette production equipment were seized.

The fourth man, 34, was arrested a few days later, on November 25.

Each man was remanded in custody on charges of recklessly handling proceeds of crime worth at least $1 million.

Acting Detective Superintendent Luke Needham said the arrests showed the AFP was “relentless” in pursuing those allegedly responsible for money laundering in Australia’s financial systems.

“This criminal activity is not only about financing a sophisticated lifestyle, but often about financing the future criminal activities of offshore and Australian syndicates,” he said.

“The dedicated work of the Avarus Task Force means that those involved in money laundering and financial crimes should be aware that the AFP is working to track them down and prosecute them to the fullest extent of the law.”

ANZ’s director of financial crime threat management, Milan Gigovic, said the bank was committed to protecting the financial system from criminal exploitation.

“With zero tolerance for criminal activity, we use analytics to proactively work with law enforcement and government partners to disrupt and prevent financial crime while supporting the investigation, prosecution and recovery of illicit assets,” he said.

The four men will appear in the Downing Center Local Court in Sydney on January 15.