- An unnamed 38-year-old Australian man was arrested at his home address in the town of Cairnlea.
- The joint report states; “E-Crime Squad have arrested a man today as part of an investigation into unregistered cryptocurrency transactions.”
- David Hawkins, Australian Transaction Reports and Analysis Centre national manager commented on the matter.
The police department of Victoria, Australia recently announced this week on November 12th that an unnamed 38-year-old Australian man was arrested at his home address in the town of Cairnlea. The man in question was arrested for undergoing unregistered cryptocurrency transactions.
The joint report published from the local Police and Australian Transaction Reports and Analysis Centre (AUSTRAC) states; “detectives from the E-Crime Squad have arrested a man today as part of an investigation into unregistered cryptocurrency transactions.”
Accused of a violation of the Anti-Money Laundering and Counter-Terrorism Financing Act of 2006 after providing a crypto platform service which is unregistered, the Australian man has also been arrested under the Criminal Code Act of 1995 for dealing with property suspected of being related to criminal activities.
As per CoinTelegraph:
“During the arrest, law enforcement found a substantial quantity of cash and false identification documents, which were seized along with a cryptocurrency ATM from a shopping centre in Braybrook.”
The investigation was initiated by reports of scam activity linked to the ATM provided to the police by AUSTRAC. This collaboration between the two agencies is one of the first actions by the E-Crime Squad that was related to cryptocurrencies.”
David Hawkins, AUSTRAC’s national manager of intelligence operations commented on the matter saying that the outcome of the investigation underscores the importance of the collaboration between AUSTRAC and law enforcement.