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Australian Spouses Arrested For Crypto Money Laundering

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Thu, 27/09/2018 - 8:03
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Australian Spouses Arrested For Crypto Money Laundering
Cover image via U.Today
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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.

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The local police said that anonymous and decentralized electronic money makes life harder for them and easy for criminals.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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