33 money laundering crypto crims targeted worldwide in 3 separate cases

33 money laundering crypto crims targeted worldwide in 3 separate cases


Law enforcement officials from around the world hav taken action against a major transnational money laundering operation involving cryptocurrency.

On Oct. 15, Europol announced a successful operation across 16 countries that resulted in the arrest of 20 individuals suspected of working for the QQAAZZ criminal network.

The organization is accused of laundering tens of millions of euros for top cybercriminals since 2016. The funds are allegedly transferred through international bank accounts, shell companies based in Poland and Bulgaria, and via cryptocurrency mixing services.

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Around 40 homes were searched across the United Kingdom, Spain, Italy, Latvia, and Bulgaria as part of “Operation 2BaGoldMule,” with arrests made in Australia, the U.S, the U.K, Portugal, Spain, Latvia, and Poland.

Bitcoin mining equipment was also seized in Bulgaria.

Map of participating countries and arrests: Europol

On the same day, a 40-year-old man was arrested in New Zealand for using cryptocurrency to launder more than $2 million for criminals. The man also laundered funds

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