Jerusalem, 2 September, 2025 (TPS-IL) — israeli authorities uncovered a $30 million money-laundering operation linked to cryptocurrencies, law enforcement said Tuesday.
An undercover investigation over the past two months by the Israel Police and the Israel Tax Authority targeted three residents of the Arab city of Kafr Qasim suspected of offering illegal financial services, laundering money, and committing tax offenses for criminal organizations.
Police forces raided seven homes connected to the operation on Tuesday morning. The suspects were taken in for questioning and are expected to appear before the Petah Tikva Magistrate’s Court.