Key Takeaways:
Authorities sentenced a French national to eight years for running a crypto laundering operation. Investigators said the network moved more than $470 million through banks and shell companies. Forfeiture orders target millions in commissions and accounts as enforcement actions continue. U.S. Sentence Highlights $470M Crypto Laundering Scheme“Stopping money laundering stops crime more broadly. This federal prison sentence sends a clear message that those who launder criminal proceeds will face serious consequences,” Clayton noted.
Cartier, 58, is a resident of France and citizen of Argentina. Prosecutors said the network moved funds through the United States to Colombia and other countries.
Shell Companies Expose Banking Risks in Crypto Cashouts
