UAE, Sweden Arrest Seven Over $7.1M Crypto Laundering Ring Linked to Contract Killings
Summary
Police in the UAE and Sweden arrested seven suspects in a cross-border money laundering network tied to organized crime. The alleged Swedish leader, wanted by Interpol, was detained in the UAE, while six others were arrested in Sweden. Authorities say the group moved about 70 million Swedish krona ($7.1 million) over ten months, using cryptocurrency to transfer criminal proceeds. Tracing those transactions revealed links to organized crime and contract killings. The case followed close intelligence sharing and joint monitoring between the two countries, which officials said was key to the arrests. Sweden has recently intensified efforts against criminal crypto and gang-related violence.
