Home AML AML News US authorities clamp down on $2.3 million cryptocurrency money laundering

US authorities clamp down on $2.3 million cryptocurrency money laundering

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April 18 2019

A recent report from the Manhattan District Attorney’s Office has detailed three men have been found to be laundering $2.3 million in cryptocurrency. The suspects were using debit cards pre-loaded with Bitcoin and withdrawing large sums of cash at ATMs in New York and New Jersey.

The men were also charged with operations of bogus storefronts on the dark web that sold illegal drugs, according to the DA’s Office statement. Chester Anderson, Jarrett Codd, and Ronald MacCarty all names for money-laundering and criminal drug sales were indicted with multiple felonies.