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The now defunct cryptocurrency exchange Mt. Gox allegedly used a UK “shell” company to launder some 650,000 BTC (equal to about $6.9 bln at press time) prior to its abrupt closure.
From CoinTelegraph.com:
According to an expose by File On 4, a program on the BBC’s news and current affairs radio station Radio 4, the Always Efficient LLP company participated in processing the funds hacked from the Tokyo exchange.
Also the subject of the ongoing official FBI operation, Always Efficient LLP purports to be based in London, yet its address is “shared by several other companies” and is “likely to be a shell,” Duncan Hames from anti-corruption group Transparency International told the broadcaster.
“People laundering money will set up a network of companies to create layers between the original crime and their attempts to then integrate the proceeds of their crime into the economy,” he claimed.
In February 2014, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors.
