UK and US Crack Down on Russian-Linked Global Money Laundering Networks

UK and US authorities have launched a major crackdown on two billion-dollar money laundering networks allegedly used by Russian elites, cybercriminals, and drug cartels. The US Treasury Department has sanctioned key figures in these networks, while a Russian woman, Ekaterina Zhdanova, is in custody in France. The networks reportedly facilitated the movement of illicit funds globally, benefiting Russian espionage operations. The investigation highlights the collaboration between Western law enforcement to combat transnational crime using both high-tech and traditional methods.