The UAE has arrested a Swedish national described as the leader of an international criminal gang and wanted by Sweden over suspected money laundering offences, the Ministry of Interior said.
The arrest was carried out as part of a joint security operation between the UAE and Sweden, with six other members of the network arrested in Sweden at the same time.
Authorities said the network handled around 70 million Swedish kronor, equivalent to about Dh26.5 million, over a 10-month period by moving cash proceeds linked to criminal activity and using cryptocurrencies to transfer funds.
Investigators also traced financial links to other criminal activities, including organised crime and contract killings, through cryptocurrency transactions and digital evidence.
The suspect, whose name was not disclosed, had reportedly fled Sweden and was wanted under an Interpol Red Notice.
UAE authorities said legal proceedings have been initiated against him, while both countries highlighted the role of bilateral security cooperation in disrupting transnational organised crime.