According to Isle of Man Today, the operation, carried out last Wednesday (12 March), involved Ableton Prestige Global Limited and Amiga Entertainment Limited.

Police confirmed that two individuals were arrested during the raid and have since been released on bail.

A spokesperson for the Isle of Man Constabulary stated: “The Isle of Man Constabulary have executed a search warrant at the premises of Ableton Prestige Global Limited and Amiga Entertainment Limited in central Douglas in relation to a large-scale international money laundering investigation. Two individuals have been arrested and released on police bail.”

Authorities emphasised the significance of their efforts to combat financial crimes, highlighting the broader implications of money laundering.

“Money laundering is not a victimless crime and can be generated from other, appalling offences such as drug, arms and human trafficking, environmental crime, modern slavery, bribery, and corruption,” the spokesperson added…

The Prince Group, a Cambodian conglomerate, has denied any connection to Amiga and Ableton. Corporate records reportedly indicate ownership links.

NEXT.io has also reached out to Amiga Entertainment and Ableton Prestige for comment.