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Argentinian Authorities Arrest Russian National for Laundering the Crypto Proceeds of Illicit Activity

2024-08-25, Trmlabs
https://www.trmlabs.com/post/argentinian-authorities-arrest-russian-national-for-laundering-the-crypto-proceeds-of-illicit-activity
#MoneyLaundering

Contents

Argentinian Authorities Arrest Russian National for Laundering the Crypto Proceeds of Illicit Activity
This week, authorities from the Argentine Federal Police (PFA) arrested a Russian national for money laundering and seized millions of dollars in assets from his Argentinian-based operation. The San Isidro Specialized Fiscal Unit in Cybercrime Investigations (UFEIC) identified the subject and led the investigation.Â
TRM Labs is proud to collaborate with UFEIC in its continued effort to discover and disrupt the illicit use of crypto in Argentina.Â
UFEIC lead prosecutors Alejandro Musso and Denis Banchero were able to analyze and explain the complicated web of transactions and Adrian Acosta of the PFA (Technologic Cybercrime Department) was able to follow several different assets and across multiple blockchains. According to one report, the subject was essentially operating a financial institution within his apartment in Argentina.
The subject accepted illicit cryptocurrency proceeds from illicit actors such as North Koreaâs Lazarus Group, child sexual abuse …