Final week, officers on the Dutch Fiscal Intelligence and Investigation Service (FIOD) introduced the arrest of two males believed to be utilizing cryptocurrencies to launder cash.
One of many males, in response to a press release printed by the Joint Chiefs of World Tax Enforcement (J5)– an operational group shaped between Australia, Canada, the Netherlands, the U.Ok., and the U.S. – had used the now-defunct bitcoin transaction mixer Bestmixer.io.
“Primarily based on the Bitcoin tackle used, the investigative workforce was in a position to determine the IP-address,” the assertion defined. “The Bestmixer service was possible used to hide and launder revenue. As a part of this regulation enforcement motion, digital and bodily enterprise accounts have been seized.”
Bestmixer.io’s web site was seized in Could 2019 by Dutch authorities, who indicated the time that they’d use the data gleaned from that investigation to pursue extra money laundering circumstances. The announcement straight outlines how that data has been – and certain will proceed to be – put to work in future investigations.
“In November 2019, the J5 international locations organized a ‘crypto problem’ in Los Angeles, California,” the group stated. “In the course of the problem, the FIOD shared information which had been seized on Could 22, 2019 through the investigation of the crypto service supplier Bestmixer.io. Primarily based on this information, it can’t be dominated out that extra worldwide investigations by the J5 international locations will comply with.”
The J5 assertion additionally outlined the arrest of one other particular person who’s believed to have laundered “roughly 2.1 million euros.”
“The suspect made massive purchases with a crypto bank card that would not be defined to the Netherlands Tax and Customs Administration based mostly on his revenue and property. He additionally made a number of massive withdrawals with this card together with 10,000 euros in money,” the assertion defined. “A number of objects have been seized together with three kilograms of gold, 260,000 euros in cryptocurrencies, debit and bank cards with each cryptocurrencies and euros, a automobile and luxurious objects corresponding to watches and different jewelry.”