Dutch authorities make arrests in crypto money laundering investigations


The Dutch Tax Intelligence and Investigation Service (FIOD) on Monday arrested two men on suspicion of laundering millions of dollars in cryptocurrency, according to a joint statement from the Joint Chiefs of Global Tax Enforcement (J5).

Authorities arrested two men on suspicion of laundering millions of dollars in cryptocurrency. (Photo: shepardhumphries)The Dutch nationals, aged 45 and 31, have come to the attention of authorities in separate investigations into money laundering using cryptocurrency. Both are suspected of laundering large sums through crypto service provider Bestmixer.io.

FIOD tightened on Bestmixer in May 2019 in cooperation with Europol and the Luxembourg police. The service guaranteed anonymity to customers, and the company made at least $ 200 million a year before it closed. The investigation showed that many mixed cryptocurrencies on Bestmixer.io had a criminal origin or destination.

The suspects made large purchases with a crypto credit card that did not match the size of assets and income, and several large withdrawals.

Authorities seized three kilograms of gold and € 260,000 (US $ 281,000) in cryptocurrencies, debit and credit cards with both cryptocurrencies and euros, a car, watches and jewelry luxury, and digital and business accounts.

J5 is an alliance of tax authorities in Australia, Canada, the Netherlands, the United Kingdom and the United States, which combats transnational tax crime and money laundering.