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The Independent UK
The Independent UK
National
Georgia Bates

How billion-dollar money laundering network in UK ‘bought bank to fund Russian war effort’

United Kingdom NCA Russia Ekaterina Zhdanova Crypto SMART TGR
Since the launch of Operation Destabilise, 128 arrests have been made with over £25 million seized in cash and cryptocurrency in the UK alone - (NCA/PA Wire)

A billion-dollar money laundering network active in the UK bought a bank to facilitate payments supporting Russian military efforts, the National Crime Agency has revealed.

The NCA said the enterprise benefited criminals globally, from Russian-speaking hackers with millions in cryptocurrency to British street gangs laundering physical cash.

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