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Australian woman arrested for “Bitcoin Cash” money laundering

May 15, 2020

ORAn Australian woman was arrested by the police in a shopping center in Sydney on May 1st after the alleged sale of Bitcoin (BTC) for AUD 60,000 (USD 38,800) in cash.

According to a report from Daily Mail Australia The woman has been accused of running a money laundering union in the country since 2017..

Caught in blatant crime

During the arrest of this 52-year-old woman, the police confiscated AUD 60,000 in cash, 3.8 BTC (worth $ 37,000 at the price of this issue) and a cell phone. Later, Agents searched a nearby apartment and found more cell phones, computers, and electronic storage devices, as well as another $ 11,700 in Bitcoin.

Australian woman arrested for “Bitcoin Cash” money laundering
Australian woman arrested for “Bitcoin Cash” money laundering

L.The woman was charged with three charges for knowingly handling crime proceeds and violating the requirements of digital money exchange.

Money laundering union

Local detectives claim the woman runs a money laundering union that she has been actively investigating since November 2018. The syndicate is believed to have been operating since 2017 and has made $ 5 million ($ 3.23 million) in Australian Bitcoin transactions since that date.

Regarding the arrest, cybercrime brigade commander Detective Superintendent Matt Craft said:

“This is the first arrest by Cyber ​​Crime Squad detectives for non-compliant digital currency providers in New South Wales. It is believed to be the first of its kind in Australia.”

She also warned other illegal digital money changers and said that “their actions will not go unnoticed.”

As Cointelegraph reported Australian tax authorities have recently launched major operations to encourage crypto investors to meet their tax obligations.

On the other hand, earlier this month, A manager of the Australian Taxpayers Alliance made her first investment in Bitcoin, much to the delight of the local crypto community.

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