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NEWS: Britain’s Revenue agents seize NFTs for first time in £1.4M tax fraud case; comes week after US warned virtual assets pose major AML threat

By AML Intelligence Corresspondents

BRITAIN’S Revenue service has revealed three Non-Fungible Tokens (NFTs) in a suspected VAT fraud involving 250 alleged fake companies.

The Revenue and Customs (HMRC) service said three people were arrested, suspected of defrauding tax officials of attempting to defraud it £1.4M.

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