According to Hürriyet Daily News, prosecutors in Istanbul, Turkey, have charged 504 individuals suspected of involvement in the 'Grand Bazaar' money laundering network, with funds involved totaling nearly 40 billion Turkish lira (approximately $850 million). Prosecutors allege that the network used shell companies, jewelry stores, foreign exchange offices, digital payment providers, and cryptocurrency transactions to disguise proceeds from illegal gambling and other activities. Some of the funds were also converted into cryptocurrency and transferred abroad. Prosecutors are seeking a maximum sentence of 34.5 years for alleged mastermind Türker Ak and up to 31 years for alleged network administrator Murat Dönmezoğlu. https://(wublock123.com)/news/turkey-prosecutors-charge-504-over-850m-crypto-money-laundering-64473