NZ police restrain cryptocurrency after investigation into streaming service

New Zealand Police has restrained a significant amount of cryptocurrency and other funds following an investigation by Police’s Waikato/Bay of Plenty Asset Recovery Unit.

In 2016 Police were alerted by the Inland Revenue Service in the United States to a website operated by a man based in New Zealand which was allegedly distributing a large number of copyrighted films, and laundering the proceeds.

The man and his associates were reportedly using online international money transfer services to send remittances between the USA, Canada, New Zealand and Vietnam.

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/NZ Police Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.