A London-based fintech owner accused of helping drug traffickers launder hundreds of millions of euros through a crypto exchange platform must be extradited to Belgium to face criminal charges, a London judge ruled.
Caio Marchesani, who owns Trans-Fast Remittance, a payments business regulated by the Financial Conduct Authority, is alleged to have accepted cryptocurrency from the criminal organisation of Flor Bressers, a Belgian national known as the “finger cutter.” Belgian prosecutors claim the cryptocurrency was used to pay for cocaine. Marchesani, who was arrested at Heathrow Airport in May, will have seven days to appeal against the order, a London judge said on Tuesday approving his removal.
