Australian regulation enforcement arrested an unnamed 38-yr-old Australian man for appearing unregistered cryptocurrency transactions.
The police department of Victoria announced on Nov. 12 that the person has been arrested at his address within the town of Cairnlea. The joint report from the Victoria Police and Australian Transaction reviews and evaluation Centre (AUSTRAC) reads:
“Detectives from the E-Crime Squad have arrested a person these days as part of an research into unregistered cryptocurrency transactions.”
cash laundering accusations
The Cairnlea resident is accused of violation of the Anti-money Laundering and Counter-Terrorism Financing Act of 2006 for offering an unregistered crypto alternate service and the criminal Code Act 1995 for managing assets suspected of being proceeds of crime.
in the course of the arrest, regulation enforcement determined a extensive amount of cash and fake identity files, which had been seized along with a cryptocurrency ATM from a shopping mall in Braybrook.
The research become initiated by means of reports of scam interest related to the ATM provided to the police by using AUSTRAC. This collaboration among the two organizations is one of the first actions by using the E-Crime Squad that become related to cryptocurrencies.
AUSTRAC’s national supervisor of intelligence operations, David Hawkins, said that the final results of the research underscores the importance of collaboration between AUSTRAC and regulation enforcement.
As Cointelegraph suggested in past due October, Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital, tied to Bitfinex and different most important cryptocurrency exchanges, became arrested by way of Polish authorities underneath cash laundering accusations.