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
- 2024-12-11
El Salvador and Argentina Regulators Sign Agreement to Develop Crypto Industry in Both Countries
- 2024-12-11
Source: Trump wants Bitcoin to reach $150,000 during his presidency
- 2024-12-11
Digital asset holding company COSIMO is raising $25 million in a round led by former Bridgewater Associates executives
- 2024-12-11
Foreign media: The surge in Meme coins related to the suspect in the murder case of the CEO of a US insurance giant highlights the dark side of Meme culture
- 2024-12-11
Goldman Sachs CEO: If regulations change, we will consider participating in cryptocurrency trading
- 2024-12-11
Italy to scale back cryptocurrency capital gains tax increase