The UAE Ministry of Interior said on September 17 that authorities in the UAE and Sweden arrested seven people in a coordinated operation targeting an alleged international money-laundering network. A Swedish national described by the ministry as the gang’s leader was arrested in the UAE under an INTERPOL Red Notice, while six other suspected members were detained in Sweden.
According to the ministry, investigators found that the network handled about SEK70 million, equivalent to AED26.5 million, over ten months by moving cash proceeds from criminal activity and redirecting funds to other criminal entities. Cryptocurrencies were also used to transfer and move value, while blockchain tracing and digital evidence revealed financial links to organized crime and contract killings.
Legal proceedings have been initiated against those arrested, and the investigation remains tied to broader efforts to trace the network’s financial flows. UAE authorities said they will continue working with international partners to track criminal networks and disrupt their financing, making the legal cases and any additional links uncovered by investigators the next developments to watch.
Source: UAE Ministry of Interior.
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