Russian Money-Laundering Network in UK Funds War

Unveiled: A Russian Money-Laundering Network in the UK, Funding War MachinesThe National Crime Agency (NCA) has exposed a vast money-laundering network, led by Russians, operating in the UK. This network funnels money to support the Russian war machine, linking everyday drug purchases to serious global conflicts. A man connected to this network bought a bank in Kyrgyzstan, which was used to process payments for a Russian state-owned bank, Promsvyazbank, a sanctions evasion hub. The network provides money-laundering services at street level, allowing drug dealers and illegal firearms suppliers to swap cash for cryptocurrency. The NCAs Operation Destabilise has uncovered billions of pounds of criminal wealth being laundered, often hidden in cash-rich businesses or smuggled out of the country in unusual ways. The network operates in at least twenty-eight UK towns and cities, sustaining an entire system that allows crime to pay. The NCA is actively working to disrupt this network, warning couriers carrying cash for these money-launderers about lengthy jail sentences. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.