The employees of Europol conducted an operation to detain members of the criminal community using cryptocurrency to launder criminal proceeds.
The press service of the Ministry notes that the criminals using crypto-currency terminals convert Fiat money into digital assets. All operations were performed using small amounts of money in order not to arouse suspicion.
Members of the criminal group transferred funds from account to account and only then through cryptomate translated them into the virtual currency. After the conversion, they sent funds to the crypto currency exchange.
The operation to detain members of the gang were held in Spain. Searches were held in seven buildings and one industrial building, which was used by criminals for growing cannabis. Law enforcement authorities seized documents and computers containing information on the number of tokens bought by the bandits.
In the report, Europol also notes that the Spanish authorities sanctioned the arrest of four “cold” and 20 “hot” wallets, which were transferred to 9 million euros.
Recall, according to European police, bitcoin still enjoys great popularity among cybercriminals and used to Finance their various criminal activities.
Europol supported @guardiacivil in dismantling a criminal organisation that managed two crypto ATMs to deposit cash criminal and transform it into cryptocurrency for other criminal groups: https://www.europol.europa.eu/newsroom/news/cryptocurrency-laundering-service-members-of-criminal-organisation-arrested-in-spain …
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