The Commonwealth has dropped the only charge against a Queensland man arrested in a counterterrorism investigation last year.

A Brisbane magistrates court was told this morning there was no evidence against Robert Louis Maestracci and the charge was struck out.

Officers arrested Mr Maestracci in September after searching his Kingston home, south of Brisbane, as part of an ongoing counterterrorism investigation.

He was charged him with one count of dealing in proceeds of crime, allegedly $7,000.

At the time the AFP said it would be claimed Mr Maestracci was reckless to the fact there was a risk the money would be used to fund people to travel overseas to fight.

Mr Maestracci was not present in court.

Agim Kruezi, from Boronia Heights, and Omar Succarieh, from Kuraby, still face charges.

They were arrested at an Islamic centre at Logan, south of Brisbane, in the September raids.

Kruezi faced five charges, including allegations he recruited people for the Islamic State jihadist group between July 2013 and September 2014 to fight in Syria and Iraq.

Succarieh was charged with making funds available to Jabhat al-Nusra, which was linked to Al Qaeda, between August 2013 and September 2014.