UK Cracks Down on Russian Money Laundering: 84 Arrests and £20M Seized!
UK investigators have dealt a blow to Russian criminal networks Smart and TGR, seizing millions and making 84 arrests. The operation, dubbed Operation Destabilise, targeted money laundering schemes involving transnational crime groups. The UK is sending a clear message: it’s not a safe haven for money laundering.
Hot Take:
Looks like the UK just turned into a ‘no fly zone’ for dirty money! With Operation Destabilise, the Brits are saying “nyet” to Russian money launderers and their crypto tricks. It’s a bad day to be a criminal with a suitcase full of cash or a digital wallet full of crypto. Better luck laundering next time, comrades!
Key Points:
- The UK’s National Crime Agency (NCA) launched Operation Destabilise to expose two Russian money laundering networks.
- The networks, Smart and TGR, facilitated money laundering for international crime groups and Russian clients.
- The operation involved physical cash transfers and cryptocurrency to bypass financial systems.
- The US Treasury’s OFAC has sanctioned the leaders of these networks and their businesses.
- 84 arrests were made, and £20m in cash and crypto was seized by the NCA.
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