Sydney man jailed for cryptocurrency money laundering
Date Time Sydney man jailed for cryptocurrency money laundering A 46-year-old Sydney man who used stolen identities to launder $43,350 in proceeds of crime through cryptocurrency accounts has been sentenced to 16 months’ imprisonment by the Sydney Central Local Court on Wednesday (31 March 2021). The man used the details of identity theft victims to set up multiple online transaction accounts with a cryptocurrency provider. The digital currency exchange enables people to convert Australian dollars to bitcoin, and vice versa, through Automatic Teller Machines in New South Wales. Police suspe...
Source: miragenews.com