The European Union Agency for Law Enforcement Cooperation (Europol) has dismantled an underground banking network that used Crypto Assets for Money Laundering in collaboration with law enforcement agencies from Spain, Austria, and Belgium. This network laundered over 21 million euros for criminal organizations from China and the Middle East through an illegal “Hawala” system. Seventeen suspects were arrested, and a large amount of cash, Crypto Assets, real estate, and luxury goods were seized. (Decrypt)
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Europol seized an underground banking network using Crypto Assets for Money Laundering.
The European Union Agency for Law Enforcement Cooperation (Europol) has dismantled an underground banking network that used Crypto Assets for Money Laundering in collaboration with law enforcement agencies from Spain, Austria, and Belgium. This network laundered over 21 million euros for criminal organizations from China and the Middle East through an illegal “Hawala” system. Seventeen suspects were arrested, and a large amount of cash, Crypto Assets, real estate, and luxury goods were seized. (Decrypt)