Met police grasp just about £180m of bitcoin in cash laundering investigation

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Metropolitan police detectives investigating world cash laundering have seized just about £180m of bitcoin.

The seizure via the Met’s financial crime command follows a confiscation of £114m of the cryptocurrency in June.

The two confiscations had been made after intelligence gained concerning the switch of legal property.

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“Whilst money nonetheless stays king within the legal phrase, as virtual platforms increase we’re more and more seeing organised criminals the usage of cryptocurrency to launder their grimy cash,” mentioned the Metropolitan police’s deputy assistant commissioner, Graham McNulty.

A 39-year-old girl was once arrested on suspicion of cash laundering after the primary haul was once found out and has been interviewed underneath warning over the £180m discovery.

One bitcoin is value about £23,500, having fallen from a height in April of £47,126.48, which means the sum confiscated can have been value just about double three months in the past.

The property had been seized via the drive’s financial crime command and the investigation is continuous.

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DC Joe Ryan mentioned: “Not up to a month in the past we effectively seized £114m in cryptocurrency. Our investigation since then has been advanced and wide-ranging. We have now labored arduous to track this cash and determine the illegal activity it can be related to.

“These days’s seizure is some other vital landmark on this investigation which is able to proceed for months to return as we house in on the ones on the centre of this suspected money-laundering operation.”