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أخبار الخليج
Rejects appeal over 7-year crypto laundering sentence
The Court of Major Criminal Court in Bahrain rejected the Asian defendant's objection to a 7-year prison sentence for money laundering involving over 38,000 dinars, stemming from profits from drug trafficking and the buying and selling of digital currencies. It was revealed that the defendant participated in an international drug trafficking network, where he transferred proceeds from sales into digital currencies to conceal their source, fully aware that they were derived from drug trade. The defendant was convicted of money laundering through financial transactions, including transferring, withdrawing, and depositing money. The court highlighted his confession to receiving the funds and using digital currencies to legitimize the illicit money.
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