On 23rd May, OCCRP reported that Dutch and Luxembourg authorities, in collaboration with Europol, have shut down one of the best cryptocurrency mixing services in the world., was started in May 2018 and was one of the 3 largest cryptocurrency mixers.  Services like this, also known as cryptocurrency tumblers, can be used to hide the origin of illicit funds by mixing them with legal transactions – this way laundering dirty money.

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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