Australian regulation enforcement arrested an unnamed 38-year-old Australian man for performing unregistered cryptocurrency transactions.
The police division of Victoria announced on Nov. 12 that the person has been arrested at his deal with within the city of Cairnlea. The joint report from the Victoria Police and Australian Transaction Reviews and Evaluation Centre (AUSTRAC) reads:
“Detectives from the E-Crime Squad have arrested a person at present as a part of an investigation into unregistered cryptocurrency transactions.”
Cash laundering accusations
The Cairnlea resident is accused of violation of the Anti-Cash Laundering and Counter-Terrorism Financing Act of 2006 for offering an unregistered crypto change service and the Felony Code Act 1995 for coping with property suspected of being proceeds of crime.
Through the arrest, regulation enforcement discovered a considerable amount of money and false identification paperwork, which had been seized together with a cryptocurrency ATM from a shopping mall in…