Police seize £114m worth of cryptocurrency in money laundering case

The Metropolitan Police has said that detectives investigating money laundering offences have arrested a woman after it seized cryptocurrency worth £114 million.

The crypto bust represents the largest of its kind in the UK and is believed to be one of the biggest globally.

A 39 year old woman was arrested at an address in London and take into custody at a police station in the capital.

The woman, who has since been bailed to a date in late July, was arrested on suspicion of money laundering offenses.

"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,” said deputy assistant commissioner Graham McNulty. "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.”

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

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

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