Authorities in the UAE and Sweden arrested seven suspects on September 17 in a joint operation against an international money laundering network. The ring allegedly laundered approximately 70 million Swedish kronor, roughly $7.1 to $7.5 million, through cash and cryptocurrency over a ten-month period. Crypto transaction analysis revealed links to organized crime, including contract killings. The ringleader, a Swedish national wanted under an Interpol Red Notice, was arrested in the UAE. Six additional suspects were detained in Sweden. Legal proceedings are now underway in both countries.
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