Global investigation exposes alleged billion-dollar Russian money-laundering network

Key figures behind a billion-dollar Russian money-laundering network—allegedly used by drug traffickers, financial criminals, and foreign spies—have been arrested and sanctioned in a major international operation led by the UK’s National Crime Agency (NCA).

The NCA, which focuses on combating serious and organised crime, described the effort as its “most significant money laundering operation” in recent years. The investigation involved collaboration with the FBI, France’s Direction Centrale de la Police Judiciaire, and Ireland’s Garda.

The network is accused of laundering cash and cryptocurrencies for organised crime groups in the UK and beyond, Russian hacking gangs responsible for ransomware attacks, and Russian elites attempting to evade sanctions, including those targeting assets in the UK.

via The Guardian