British police officers seized a record amount of cryptocurrencies from the defendants as part of the investigation of the crime.
British law enforcement officers are conducting a large-scale operation. Security officials identify criminals who are trying to launder illegally acquired funds in cryptocurrency. The investigation lasts several months. To date, the police have already seized a record £ 294 million.
“The proceeds of crime are laundered in various ways. While cash is still the most popular form of money laundering among criminals, as digital platforms evolve, we increasingly see organized criminals using cryptocurrency to launder their dirty money, ”said the Economic Crime Authority.
The investigation is currently ongoing, the Scotland Yard said.
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