Correspondents of cointelegraph.com just published an article concerning a 52 year old woman that runs a fake digital currency exchange, that has been operating since 2017 and have transacted AUS$5million that is 3.23 million worth of bitcoin.
"This is the first arrest executed by Cybercrime Squad detectives relating to non-compliant digital currency providers in New South Wales — and is believed to be the first of its kind across Australia."
During the arrest of the 52-year-old, police seized AUS$60,000 in cash, 3.8 BTC (worth $37,000 at current prices) and a mobile phone. Later, officers searched a nearby apartment, finding more mobile phones, computers and electronic storage devices, along with a further $11,700 worth of Bitcoin.
The woman was charged with three counts of knowingly dealing with the proceeds of crime and breaching digital currency exchange service requirements.
https://cointelegraph.com/news/australian-woman-arrested-in-cash-for-bitcoin-money-laundering-sting
