2024-12-25T11:53:08+0800

The UK’s National Crime Agency (NCA) has smashed a multibillion-dollar Russian money laundering scheme which operated in Britain and had ties to the Kremlin. Investigators said on Wednesday that uncovering the Russian-speaking network, run out of London, Moscow and Dubai, marked the NCAs biggest money laundering case for a decade. The investigation was given the name “Operation Destabilise”. The NCA and its partners – including the FBI, as well as French and Irish police – arrested 84 people, including 70 in the UK. Five people linked to the illicit network have been put under economic sanctions by the US Treasury. Investigators said the scheme, run by two Russian financial firms and operating across more than 30 countries, enabled Russian spies and oligarchs, alongside European drug traffickers, to evade sanctions using cryptocurrency. Get more on the story 👇 https://www.cityam.com/uk-takes-down-multibillion-dollar-russian-crypto-laundering-network/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Lars Mucklejohn, Scarlett Wild