UK Police Seize $ 250,000,000 In Crypto In Money Laundering Investigation – .

UK Police Seize $ 250,000,000 In Crypto In Money Laundering Investigation – .

The United Kingdom’s Metropolitan Police (Met) said it had just set a new record for the largest crypto seizure in the country’s history, breaking the previous record documented just weeks ago.

According to the Met, detectives seized approximately $ 250 million in unspecified cryptocurrency.

The seizure is the second in an ongoing investigation into an alleged money laundering operation, which involves the arrest of a 39-year-old woman on June 24. UK authorities said they asked the same person about the latest crypto asset seizure. Met staff offer few details about the investigation.

Said Detective Agent Joe Ryan,

“Less than a month ago, we managed to seize £ 114million ($ 157.49million) in cryptocurrency. Since then our investigation has been complex and extensive. We have worked hard to find this money and identify any crime it may be linked to. Today’s seizure is another important milestone in this investigation which will continue for months to come as we target those at the center of this alleged money laundering operation.

Assistant Deputy Commissioner Graham McNulty suggests they are still working to identify all parties involved in the alleged money laundering scheme.

“The detectives in this case have worked tirelessly and meticulously to trace millions of pounds of suspected crime-related cryptocurrency now laundered to hide the trail. Those who are tied to this money are obviously trying to hide it. Our investigation will stop at nothing to disrupt the transfer and identify those involved. “

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