You can get filters off of ebay that are used for making bio-diesil that are as fine filterer as a milbank if not finer but unlike Hedgerowpete I still wouldn't trust it to get all the nasties out and would still boil it to make sure it was safe to drink
The pharmaceutical industry uses step downs from 10 to 2 to a final o.2 micrometer filter to sterilise fluids. This scale filter removes all bacteria and viruses. It however needs more head ( pressure drop) than we use with a milllbank.
One of the reasons the millbank works so well is that the really fine clays and other bits of organic mater clogg the pores and form a thin filter cake. This reduces the particle size that can get throught the bag enhancing the separation.
Yeasts as an micro organism are rather large so easier to catch than bacteria and viruses.
Eventually bacteria will grow through a sterilising filter so the industry then steam sterilises or replaces the cartridges.
For many separations of powder from liquid ( a process step in most drug manufacture) the filter cake or heel on the filter is the key part for the separation and great care is taken to ensure it is built each batch processed.
Bushcrafting in the field rather than a one step to sterile doing a two stage process is still the easiest and best way, a "relativly" course filter with a fining filter cake followed by a boilup. The boilup also has benefit of being a pokeyoke (safety step) in that any bugs that get through your bag or from you hands also get zapped.
John