PANews December 4 news, according to the Financial Times, a British-led operation has uncovered a multi-billion dollar money laundering scheme operating in London, Moscow and Dubai that enabled Russian spies and European drug traffickers to evade sanctions using cryptocurrencies. The UK National Crime Agency (NCA) said on Wednesday that its "destabilization operation" investigation focused on two companies, Smart and TGR, which acted as financial centers for well-funded global criminals and sanctioned individuals who were outside the banking system because of cryptocurrencies. The NCA said that from the end of 2022 to the summer of 2023, the network was used by clients including the Kinahan drug cartel, Irish cocaine traffickers involved in multiple contract killings, as well as ransomware groups and "Russian espionage." Rob Jones, NCA's director of operations, said the investigation was the "most important money laundering operation" the NCA had ever conducted. He said it "targeted money laundering centers that combined street cash and cryptocurrencies on a large scale."
Financial Times: UK uncovers massive crypto money laundering scheme involving drug dealers and Russian spies
- 2024-12-05
Ripple launches stablecoin RLUSD: Analyzing the new pattern of the stablecoin market and the core motivation for compliance transformation
- 2024-12-05
Trump nominates Paul Atkins as SEC Chairman, Bitcoin breaks through $100,000, cryptocurrency regulation is about to open a new chapter
- 2024-12-05
South Korea plans to allow universities to trade cryptocurrencies from 2025
- 2024-12-05
Bitcoin breaks through $100,000: a new milestone and a new starting point
- 2024-12-05
19-year-old hacker exploits telecom company loophole to conduct cryptocurrency fraud, causing $4 million in losses
- 2024-12-05
Paul Atkins may support Hester Peirce and Mark Uyeda to jointly lead cryptocurrency policy making