update 18 August 2021

Two Dutch-Nationals Arrested Pending Charges for Apparent Multi-Euro Money Laundering

Two men were apprehended by Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Services (FIOD). Their arrest was due to alleged laundering involving cryptocurrencies worth millions of Euros.

The development was revealed in a joint statement by the Joint Chiefs of Global Tax Enforcement (J5). FIOD arrested them on the basis of separate cryptocurrency tax evasion investigations, and the agency was able to recover almost 260k in unmentioned cryptocurrencies as well as over 6.6 pounds of gold.

Some of the items seized from the two Dutch nationals include credit and debit cards holding crypto and Euros, as well as other items. According to the statement, one of them went about his way by using the inoperative Bitcoin mixing service Bestmixer.io.

FIOD’s policing of cryptocurrencies changed in recent times. The agency colludes with tax authorities from the United Kingdom, United States, Australia and Canada (the J5 agents). They share tips and data and it started in 2018.

FIOD was able to seize and shutter bestmixer.io thereby creating one of the largest data dumps.  The operation took place in May 2019 bringing about reams of user data in IP addresses as well as Bitcoin addresses. FIOD revealed the data at a crypto tax summit in Los Angeles a few months ago.

FIOD’s Chief, Hans van der Vlist, said the J5 challenge in the U.S. a few months ago was critical to efforts to curb cryptocurrency criminality. He continued that the benefits of J5’s operational cooperation have started manifesting.

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According to J5, they could make more bestmixer.io arrests soon as investigations are likely to continue.