U.S. Police Seizes $250 Mln Crypto assets In Money Launderin...
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U.S. Police Seizes $250 Mln Crypto assets In Money Laundering Probe.

Police within the United Kingdom have seized a record $250 Mln worth of cryptocurrency as a part of a money-laundering probe, breaking a record set solely weeks ago.

The crypto was discovered by detectives within the Economic Crime Command division of the Metropolitan Police, the enforcement service for the Greater London area, an official press release on Tuesday added.

Detectives were responding to intelligence about the transfer of criminal assets.

The news comes solely weeks after $158 Mln was confiscated by the Met on 24th June, at the time, the biggest ever seizure by U.K. police.

Police arrested a 39-year-old woman on 24th June on suspicion of laundering offenses. She was subsequently released on bail.

The same woman was interviewed under caution in reference to the newest discovery and has been bailed until late July.

Detective Constable Joe Ryan outlined that the investigation will “continue for a few months.”

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