RATE Group | Australian Woman Arrested in ‘Cash for Bitcoin’ Money Laundering Sting
88327
post-template-default,single,single-post,postid-88327,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Australian Woman Arrested in ‘Cash for Bitcoin’ Money Laundering Sting

15 May Australian Woman Arrested in ‘Cash for Bitcoin’ Money Laundering Sting

Posted at 12:06h in Bitcoin News by

An Australian woman was arrested by police at a Sydney shopping centre on May 1, after allegedly selling Bitcoin (BTC) for 60,000 Australian dollars ($38,800) in cash. 

According to a report from Daily Mail Australia, the woman is accused of having run a money laundering syndicate in the country since 2017.

Caught red-handed

During the arrest of the 52-year-old, police seized AUS$60,000 in cash, 3.8 BTC (worth $37,000 at current prices) and a mobile phone. Later, officers searched a nearby apartment, finding more mobile phones, computers and electronic storage devices, along with a further $11,700 worth of Bitcoin.

The woman was charged with three counts of knowingly dealing with the proceeds of crime and breaching digital currency exchange service requirements.

Money-laundering syndicate

Local detectives claim that the woman has been operating a money-laundering syndicate, which they have been actively investigating since November 2018. It is believed that the syndicate has been…

Source link

Tags:
, , , , , , ,