An investigation in Malta is examining how cryptocurrency is being used to bring drugs, arms and even explosives into the country. The enquiry came to light after a a group of five men were accused of violently kidnapping a man.
The enquiry centres on a suspected organised criminal conspiracy to use cryptocurrency for illegal purchases on the dark web. The authorities suspect this is mostly linked to the smuggling of drugs but could potentially include arms or explosives.
The suspects seemingly have a network of companies in Malta and Cyprus and is an illustration of how vigilant those who work in compliance need to be. To find out more about the story head to this link.
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