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<ul class="news-points"> 
 <li>A fintech owner allegedly laundered hundreds of millions of euros through crypto exchanges.</li> 
 <li>The alleged criminal is tied to a transnational gang accused of drug trafficking, money laundering, and homicide.</li> 
 <li>This case could damage the British fintech industry, according to reports.</li> 
</ul> 
Caio Marchesani, the owner of a financial technology company in London, <a href="https://www.bloomberg.com/news/articles/2023-09-07/shadow-banker-alleged-to-have-laundered-drug-money-through-binance-exchange" target="_blank" rel="noopener noreferrer nofollow">allegedly </a>helped drug traffickers launder hundreds of millions of euros through crypto exchange platforms. Marchesani’s fintech company is regulated by the Financial Conduct Authority and called Trans-Fast Remittance, a company that provides cross-border remittance services. 
Authorities in Belgium were after Marchesani as part of their effort to dismantle a transnational gang. The authorities accused Marchesani of “knowingly and intentionally” converting a large amount of money to Bitcoin for a Brazilian criminal named Sergio Roberto De Carvalho. De Carvalho was the subject of an Interpol Red Notice for drug trafficking, money laundering, and homicide. 
According to reports, this case could damage the British fintech industry and entice fears of a movement of illicit funds around the world. Transparency I… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/london-fintech-ceo-linked-to-crypto-money-laundering-for-brazilian-criminal/">London Fintech CEO Linked to Crypto Money Laundering for Brazilian Criminal</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

London Fintech CEO Linked to Crypto Money Laundering for Brazilian Criminal

Coin Edition

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