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Evening Standard
Evening Standard
National
Georgia Bates

Money laundering network active in UK ‘bought bank to fund Russian war effort’

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

The NCA said the enterprise benefited criminals all over the world, from Russian-speaking hackers with millions in cryptocurrency, to street gangs in Britain who had physical money they needed to launder.

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