A husband and a wife in New South Wales have been taken into custody on Thursday with over 50 charges against them. The police report that the spouses set up over 40 companies to launder money they obtained through frauds. They managed to transfer $300,000 into crypto coins and sent them to offshore accounts. The money, allegedly, was acquired using fake credit cards and stolen identities.
The local police said that anonymous and decentralized electronic money makes life harder for them and easy for criminals.