Scam worth $408 million seized by UK police.

Less than three weeks after seizing 114 million pounds of an unidentified cryptocurrency as part of a money-laundering investigation, London police announced the seizure of 180 million pounds of an undisclosed cryptocurrency.
Following organized criminal groups’ shift into cryptocurrencies to wash their filthy money, UK police have confiscated unprecedented amounts of cryptocurrency totaling 294 million pounds ($408 million) as part of a money-laundering operation

On Tuesday, London police said that they had recovered 180 million pounds of an unnamed cryptocurrency, less than three weeks after seizing 114 million pounds as part of a money-laundering probe on June 24.

“While cash still remains king in the criminal word, as digital platforms develop we’re increasingly seeing organised criminals using cryptocurrency to launder their dirty money,” added Metropolitan Police Deputy Assistant Commissioner Graham McNulty.

After the initial haul was discovered, a 39-year-old woman was detained on suspicion of money laundering and has been questioned under oath about the 180 million pound seizure.

“Today’s 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,” Detective Constable Joe Ryan said.

Because cryptocurrencies are mostly anonymous, convenient, and worldwide, some of the world’s most powerful criminal organizations have placed significant bets on them as a means of money laundering and staying one step ahead of the police, tax, and security services.

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