Armenian police dismantle cargo theft and crypto laundering ring

Armenian law enforcement authorities, including the Cybercrime Department of the Criminal Police and the Investigative Committee, have dismantled a criminal group involved in cargo theft and money laundering.

Operating under the guise of employees for US-based freight companies, the group gained the trust of economic operators to divert shipments to different locations for theft. The stolen goods were subsequently sold, and the proceeds were transferred to the members' accounts. To conceal the financial trail, the group converted the funds into various cryptocurrencies. An investigation is currently underway to identify the full extent of the group's operations and any additional accomplices.