RATE Group | Man arrested as part of cryptocurrency investigation
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Man arrested as part of cryptocurrency investigation

12 Nov Man arrested as part of cryptocurrency investigation

Posted at 05:33h in Cryptocurrency News by

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Detectives from the E-Crime Squad have arrested a man today as part of an investigation into unregistered cryptocurrency transactions.

The 38-year-old Cairnlea man was arrested at his home address in Cairnlea.

He is currently being interviewed in relation to two Commonwealth offences:

• Section 76A(5) of the Anti-Money Laundering and Counter -Terrorism Financing Act 2006 (Cth): Having provided a registrable Digital Currency Exchange (DCE) service when not registered; and continuing to provide a registrable DCE service following AUSTRAC’s Cease and Desist notice of 1 November 2018; and

• Section 400.9 of the Criminal Code Act 1995 (Cth): Dealing with property reasonably suspected of being proceeds of crime.

Police seized a substantial quantity of cash and false identification documents during the warrants, which were executed from just after 7am.

Detectives also seized a cryptocurrency ATM from a shopping centre in Braybrook today as part of the investigation.

The investigation…

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