Binance linked to money laundering scheme in Belgian extradition case: Bloomberg

Belgian authorities are seeking the extradition of a London-based fintech professional, Caio Marchesani, on suspicions of using cryptocurrency to launder hundreds of millions of dollars for criminal organizations, including high-ranking bosses.

According to new reporting from Bloomberg, Marchesani, owner of Trans-Fast Remittance, allegedly facilitated substantial crypto transactions for a notorious criminal gang ” on a scale rarely seen by European prosecutors.” The volume of laundered funds was not specified but said to be “hundreds of millions of euros.”