Articles for tag: Cryptocurrency, drug trade, financial crime, money laundering, National Crime Agency, Russian networks, Sanctions

December 5, 2024

Russian Crypto Criminals Aid UK Drug Gangs in Laundering Lockdown Cash Amid Rising Crime Trends in Cryptocurrency.

The National Crime Agency (NCA) has uncovered a significant money laundering operation linked to UK drug gangs during the pandemic. This complex scheme involved a Russian-speaking network based in Moscow that exchanged dirty cash for untraceable cryptocurrency. They facilitated the laundering of drug profits while also supporting Russian state espionage efforts. The operation has resulted ...

December 4, 2024

Market News

Crypto

Uncovering Russian Money Laundering: Links Between Narco Traffickers, Ransomware Gangs, and Kremlin Spies Revealed

British law enforcement has uncovered a major Russian money laundering operation linked to drug trafficking, cybercrime, and Kremlin-associated activities. Dubbed Operation Destabilise, this investigation led by the UK’s National Crime Agency (NCA) resulted in over 80 arrests worldwide and significant financial seizures totaling more than £20 million. Central to this network are two Moscow-based firms ...