Police investigating international money laundering seized a record £180 million in Bitcoin.

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Police investigating international money laundering seized a record £180 million in Bitcoin.

Detectives investigating international money laundering made the country’s greatest crypto-currency capture, worth approximately £180 million.

The astonishing sum surpasses the previous high of £114 million established on June 24, and the same woman is tied to both. Following intelligence concerning the movement of illegal assets, investigators from the Metropolitan Police’s Economic Crime Command made the seizures. On June 24, a 39-year-old woman was detained on accusations of money laundering. On Saturday, the same woman was quizzed in connection with the discovery of about £180 million in virtual currency.

As the inquiry proceeds, she has been bailed until late July.

“We seized £114 million in bitcoin less than a month ago,” Detective Constable Joe Ryan said. Since then, we’ve been conducting a complicated and wide-ranging study. We’ve put in a lot of effort to track down this money and figure out what criminal activity it might be tied to.

“Today’s confiscation is yet another key milestone as we zero in on people accused of money laundering.”

Bitcoin and other virtual currencies are difficult to capture because they are stored on computers or the internet.

Because bitcoin is easy to spend while stored online but subject to hacking and theft, it is frequently housed on data storage devices or computers that are not linked to the internet.

“While cash remains king, we’re increasingly seeing organized criminals use cryptocurrency to launder dirty money,” said Deputy Assistant Commissioner Graham McNulty.

“We have highly trained officers working hard to stay one step ahead of people who are attempting to profit from it illegally.

“The investigators working on this case have worked diligently and methodically to track down millions of pounds in cryptocurrency thought to be linked to illegal activity.

“Those with ties to this money are putting in a lot of effort to conceal it. We will go to any length to thwart the transfer and uncover those who are involved.”

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