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Multibillion-dollar crypto money-laundering scheme exposed by UK, US authorities

By Samuel Rubenfeld ( December 4, 2024, 22:57 GMT | Insight) -- A UK-led investigation exposed two Russian money laundering networks that authorities said had often swapped cryptocurrency for cash and supported espionage operations, organized crime groups and oligarchs seeking to evade sanctions. Several of the major players in the Russian money laundering networks, led by the companies TGR Group and Smart Group, were also sanctioned today by the US Treasury Department.A UK-led investigation exposed two Russian money laundering networks that authorities said had often swapped cryptocurrency for cash and supported espionage operations, organized crime groups and oligarchs seeking to evade sanctions....

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