MORE THAN £1.2 MILLION OF BITCOIN SEIZED FROM DRUG DEALER

A CPS news release on 19th July reported that Sergejs Teresko, 31, a drug dealer and money launderer who was using cryptocurrency to conceal his funds has had over £1.2 million worth of Bitcoins seized, restrained and then converted into pounds sterling in the first case of its kind.

https://www.cps.gov.uk/south-east/news/more-ps12-million-bitcoin-seized-drug-dealer?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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