British Police Seize $250 Million Of Cryptocurrency In International Money Laundering Crackdown
Robert Hart, 13 July 2021
British police have confiscated around $250 million worth of cryptocurrency as part of an ongoing money laundering investigation, London’s Metropolitan Police announced Tuesday, marking one of the largest crypto seizures in the world and breaking a record the force set last month.
The seizure, which follows a $160 million crypto haul the force made three weeks ago, is part of an ongoing investigation into international money laundering by the force’s Economic Crime Command.
It comes after a 39-year-old woman was arrested on “suspicion of money laundering offenses” on June 24 after the first cache was confiscated and the woman was subsequently released on bail, the force said.
The woman was interviewed again last weekend—this time under caution—after the latest discovery was made and has been bailed until late July.
Detective Constable Joe Ryan said the “seizure is another significant landmark in this investigation which will continue for months to come as we hone in on those at the centre of this suspected money laundering operation.”
