ATM seized in Melb 'cryptocurrency scam'

Ulises Izquierdo

An Automated Teller Machine has been seized at a Melbourne shopping centre as part of an investigation into an alleged cryptocurrency scam.

A 38-year-old man was arrested after police allegedly found false identification documents and a substantial quantity of cash when they raided his Cairnlea home on Tuesday.

Detectives also seized a cryptocurrency ATM from a shopping centre in Braybrook as part of the investigation.

Financial watchdog AUSTRAC provided intelligence on reports of scam activity linked to the ATM, which led to police examining a number of transactions on the machine.

Police are investigating the man for money laundering after he allegedly exchanged digital currency services when not registered to do so.