Law enforcement agencies around the world have taken action against transnational money laundering operations using cryptocurrency.

On October 15, Europol announced a successful operation in 16 countries that resulted in the arrest of 20 people suspected of working for the QQAAZZ criminal networks.

The organization has been accused of laundering tens of millions of euros from major cybercriminals since 2016. The money is allegedly transferred through international bank accounts, shell companies based in Poland and Bulgaria, and through cryptocurrency mixing services.

Around 40 homes were searched in the UK, Spain, Italy, Latvia and Bulgaria as part of Operation 2BaGoldMule, with arrests in Australia, the United States, the UK, Portugal, Spain, Latvia and Poland.

Bitcoin mining equipment was also seized in Bulgaria.

Map of Member States and Arrests: Europol
On the same day, a 40-year-old man was arrested in New Zealand for using cryptocurrency to launder criminals worth more than $ 2 million. The man also laundered money by buying luxury cars, including Lamborghini and Mercedes G63.

Oakland residents are now facing 30 charges, including charges that they borrowed $ 1 million from a fraudulent bank. Six other New Zealanders were arrested the day before in a series of raids and property seizures across the country.

On October 15, the US Department of Justice overturned an indictment against six people for conspiracy to “launder millions of dollars in drug proceeds for foreign gangs.”

The indictment alleges that people used casinos, shell companies, money smuggling and bank accounts to launder money on behalf of drug users’ unions. One of the suspects is also accused of conspiracy to bribe a US government official with cryptocurrency, and he hopes that the official will issue fake US passports to him and his employees.

Source: CoinTelegraph

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