PANews
PANews|Sep 18, 2026 10:04
[UAE and Sweden Jointly Bust Criminal Group Involved in $7.1 Million Cryptocurrency Money Laundering] According to Decrypt, police in the UAE and Sweden have arrested seven individuals suspected of participating in an international money laundering network. Investigations revealed that the network processed approximately 70 million Swedish kronor (around $7.1 million) in illicit cash over a span of about 10 months and used cryptocurrency to transfer funds. By tracking cryptocurrency transactions and analyzing digital evidence, police uncovered links between the financial chain and organized crime, including activities such as contract killings. Relevant legal proceedings have now been initiated.
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