Wednesday, July 6, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Cryptocurrencies

Police make UK’s biggest ever cryptocurrency seizure as they confiscate £114m | UK News

MtR by MtR
June 25, 2021
in Cryptocurrencies
0


About £114m of cryptocurrency has been seized by UK police as part of a money-laundering investigation.

The Metropolitan Police said the confiscation was the largest of its kind in the UK, and one of the largest in the world.

Last year, US authorities said they had seized around $1bn (£718m) worth of Bitcoin connected to darknet market place the Silk Road, which was shut down in 2013.

The Met did not say which cryptocurrencies they seized, but revealed the operation was carried out by their Economic Crime Command team in connection with money-laundering offences.

Deputy Assistant Commissioner Graham McNulty said: “Every single part of the Met is working to reduce violence on the streets of London as an absolute priority, this includes our financial investigators.

“There is an inherent link between money and violence. Violence is used to extort, blackmail, burgle, control and exploit. It’s used to protect criminal profits and maintain control of territories.

“Cash remains king, but as technology and online platforms develop, some are moving to more sophisticated methods of laundering their profits.

More on Metropolitan Police

“But, we have highly trained officers and specialist units working day and night to remain one step ahead.”

Related articles

Core Scientific Unloaded Most of Its Bitcoin in June Amid Market Slump

July 6, 2022

University recovers 2019 ransom to find value of cryptocurrency skyrocketed

July 5, 2022

Detective Constable Joe Ryan said: “Criminals need to legitimise their money otherwise it risks being seized by law enforcement.

“The proceeds of crime are almost always laundered to hide the origin, but by disrupting the flow of funds before they are reinvested, we can make London an incredibly difficult place for criminals to operate.”



Source link

Related Posts

Core Scientific Unloaded Most of Its Bitcoin in June Amid Market Slump

by MtR
July 6, 2022
0

Core Scientific unloaded most of its bitcoin holdings in June as cryptocurrencies edge lower amid the market's crypto winter. The company...

University recovers 2019 ransom to find value of cryptocurrency skyrocketed

by MtR
July 5, 2022
0

Maastricht University in the Netherlands is set to recover cryptocurrency it paid in ransom in 2019 that is now worth...

Prometheus Launches First of Its Kind Cryptocurrency Real Estate Project

by MtR
July 5, 2022
0

Prometheus International, the first property business to accept payment in cryptocurrencies, has just announced a new project. In 2021 the...

A Comprehensive Study exploring Cryptocurrency Market – Designer Women

by MtR
July 5, 2022
0

The Cryptocurrency Market accounted for US$ XX Million/Billion in the year 2022 and is expected to grow at a CAGR of...

Understanding the cryptocurrency crash | podcast | News

by MtR
July 5, 2022
0

When the global financial system went into meltdown in 2008, banks collapsed and governments around the world were forced to...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Sensex rises 250 points, Nifty above 15,850; Asian Paints gains 3% – Economic Times

July 6, 2022

A Marxist “Hurricane” Threatens the Western Hemisphere

July 6, 2022

MARKET LIVE: Sensex, Nifty flat; metal stocks slump in pre-open

July 6, 2022

Annapurna Swadisht Ipo In August | Kolkata News

July 6, 2022

Recent News

Sensex rises 250 points, Nifty above 15,850; Asian Paints gains 3% – Economic Times

July 6, 2022

A Marxist “Hurricane” Threatens the Western Hemisphere

July 6, 2022

MARKET LIVE: Sensex, Nifty flat; metal stocks slump in pre-open

July 6, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter