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The Independent UK
The Independent UK
World
Margaret Davis

Multibillion-dollar money laundering system used by criminals and spies exposed

United States NCA United Kingdom Ekaterina Zhdanova Rob Jones TGR National Crime Agency SMART Cryptocurrency Russia
Money seized from a cash courier when he was stopped on the M5 near Birmingham - (National Crime Agency/PA)

A multibillion-dollar money laundering network run by two Russian millionaires and used by UK drug dealers to hide criminal cash has been brought down in an international sting.

The system was used by Russian-speaking hackers with millions in cryptocurrency that they needed to turn into cash and assets, as well as street gangs in Britain who had physical money they needed to launder.

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