UK National Crime Agency Disrupts Multibillion Dollar Russian Money Laundering From OFAC Sanctioned Entities

International Operation Targets Russian-Led Networks, Highlights Crypto's Dual Role in Innovation and Crime

On December 4, the UK National Crime Agency unearthed and acted upon a multi-billion dollar money laundering scheme that provided services to a wide range of illicit actors, including those from OFAC-sanctioned areas.

Some of the illicit ring's ‘customers’ included Russian and international elites, cyber crime lords, plus drug and cartel gangs, among others.