Australian Spouses Arrested For Crypto Money Laundering

A husband and a wife have been taken into custody with over 50 charges against them.The spouses set up over 40 companies to launder money they obtained through frauds

Thu, 27/09/2018 - 8:03

Australian Spouses Arrested For Crypto Money Laundering

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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.

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

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.