Fintech Owner Linked to Drug Kingpins Faces Belgian Trial (1)

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 hoarded vast amounts of cash for Sergio Roberto De Carvalho, a Brazilian described by Interpol as one of the world’s most wanted kingpins before his arrest in 2022. Marchesani also is accused by prosecutors of managing crypto accounts for Flor Bressers, a Belgian national known as ...