NCA Busts Russian Crypto Networks Laundering Funds and Evading Sanctions
The U.K. National Crime Agency (NCA) said Wednesday that it spearheaded a global investigation to dismantle Russian money laundering networks that were discovered to support organized and severe crime in South America, Russia, the Middle East, and the United Kingdom.
84 people connected to the Russian-speaking networks Smart and TGR have been arrested as a result of the operation, which was code-named Operation Destabilise. Additionally, bitcoin and cash totaling £20 million ($25.4 million) have been confiscated.
According to The Telegraph, both companies are headquartered in Moscow's Federation Tower, which is well-known for serving as a gathering place for money laundering organizations read more about NCA Busts Russian Crypto Networks Laundering Funds and Evading Sanctions.
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