In a major blow to cross-border organised crime, the UAE’s Ministry of Interior has announced on Thursday arresting a Swedish national who is the leader of an international criminal gang and is wanted by Sweden under a Red Notice issued by Interpol over suspected money laundering offences.
The arrest was the fruit of a joint security operation between the UAE and Sweden. Simultaneously, the Swedish authorities apprehended six members of the gang inside Sweden.
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The ministry said investigations revealed that the network had handled around 70 million Swedish kronor (Dh26.5 million) over ten months by circulating cash proceeds from criminal activities and redirecting them to other criminal groups, as well as using cryptocurrencies to transfer and move the value of the funds.
Source: Khaleej Times