Owner of exchange office suspected of gigantic money laundering scheme arrested

Police have filed charges against one of the owners of a Prague exchange office suspected of laundering over CZK 5.3 billion (nearly USD 300 million). A raid was carried out on the offices of Aktiv Exchange on the city’s Národní St on Monday night. The cash allegedly laundered at the bureau de change mainly ended up in bank accounts in China and Vietnam, a police spokesperson said.