A 35-year-old woman was arrested for illegally obtaining £ 115,000 in cryptocurrency on Wednesday according to a report by The Met’s Proactive Money Laundering Team.
Detectives opened the investigation because the unnamed woman appeared to control a large amount of “fraudulently obtained” bitcoin, according to the report. She has reportedly requested a number of ‘rebound loans’, a program launched by the UK government to help small businesses amid the COVID-19 pandemic. The Met claims the woman used a number of mule bank accounts to receive proceeds from fraudulent claims.
The investigation revealed that the money was then transferred from the mule accounts to the suspect’s cryptocurrency wallet. Later, Met agents along with officers from the Suffolk Police Proactive Crime Team searched the woman’s residence in Ipswich, finding several children left alone.
However, the woman was later arrested near her residence and arrested on suspicion of fraud, money laundering and child neglect. She was then taken to the police station for questioning, but released soon after. Met agents have asked a London Magistrates’ Court to seize the money held in the suspect’s crypto wallet, according to the report.
“I want to assure the public that the Met remains committed to working with regulated financial sector institutions and law enforcement partners to combat organized financial crime and bring these serious criminals to justice,” Detective Sgt. Ian Barrett of the Met’s Proactive Money Said the Money Laundering Team.
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