UK’s NCA Uncovers Billion Dollar Money Laundering of Crypto and Cash

Quick Summary:

As per the latest report published by the NCA, multi-billion dollar money laundering networks were uncovered and 84 individuals were arrested as part of their operation.

The on-chain activity of these individuals give a clear picture of how the funds are laundered from crypto to cash and how they are used for crimes.

As per the blockchain analysis firm Chainalysis report, the NCA seized over 20 million Euros in cash and cryptocurrency as a result of its “Operation Destablise”.

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Article Details

Author / Journalist: Manisha Ailneni

Category: Crypto

Markets: United Arab EmiratesNigerNigeriaOman

Topics: UK Market News Money Laundering

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 06:15:26 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24136407

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 16 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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