After a couple was convicted of money laundering by the Rotterdam District Court, Dutch prosecutors seized 2,532 bitcoins worth 33 million U.S. dollars. The man and his wife were sentenced to two years in prison for illegal money transfers. The court stated that the couple’s bitcoins were hidden in the deep network.
Dutch officials recently arrested a man and his wife and accused them of illegal transfer of funds and money laundering. According to the Dutch Prosecutor’s Office of the Rotterdam District Court, the two suspects used Bitcoin to launder nearly $19 million in the past two years. Most of the couple’s illegal income was stored in Bitcoin, and the Rotterdam police confiscated the hiding place.
The man and woman are residents of Hilversum, North Holland, and the couple will face two and a half years in prison for crimes. The Dutch prosecutor pointed out during the trial that the traders did not use the appropriate KYC/AML guidelines when operating their business.
The Rotterdam court stated in the filing document: “Traders did not require customers to provide ID cards, and often exchanged a large number of ID cards.” The suspect, a man and his wife, communicated with customers through advertisements on the Internet and markets on the dark web. contact. Traces of many Bitcoin transactions on the dark web. The court has determined that the suspect had washed more than 16 million euros in two and a half years. “
Court documents show that the police confiscated two different Bitcoin hiding places, one of which was hiding 1,488 BTC, and the other purse was hiding 1,044 BTC. In addition to the $33 million worth of bitcoin seized, the Dutch police also withdrew a cash reserve of $295,256. The court prosecutor said that the couple bought bitcoin in exchange for cash. The police said the couple used various methods to keep customers unfamiliar.
The couple regularly meet with people and businesses in fast food chains to perform cash exchanges for Bitcoin. Prosecutors believe that many of the coins sold by Hilversum were minted on the deep web and used on the dark web market (DNM).
The Dutch police are known for seizing many bitcoins and cracking down on DNM operators. Four years ago, the Dutch police arrested 10 people from the Netherlands on charges of laundering a large number of bitcoins. Dutch law enforcement officials are also responsible for the large-scale ouster of Hansa, in which undercover agents operated DNM without their knowledge for more than a month.
In addition to the $33 million in bitcoin seized and two and a half years in prison, the couple must also pay fines separately. The couple will pay $53,137 for a levy and $162,955 for the forfeiture business.
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