UK Cracks Down on Russian Crypto Money-Laundering Networks
TL;DR Summary
The UK National Crime Agency has dismantled Russian networks involved in laundering billions of dollars for oligarchs, street gangs, and spies by converting cash into cryptocurrency across Europe, the Middle East, and South America. These "crypto-rich" networks acted as illicit clearing houses, facilitating the movement of funds internationally.
- Crypto-Rich Russian Networks Moving Oligarch Billions Shut Down by UK Bloomberg
- Global investigation exposes alleged billion-dollar Russian money-laundering network The Guardian
- UK Police Bust Russian-led Money-laundering Networks Barron's
- Russia-related sanctions target illicit digital finance network, US Treasury says Yahoo! Voices
- UK uncovers vast crypto laundering scheme for gangsters and Russian spies Financial Times
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