The United Kingdom's National Crime Agency (NCA) announced on Dec. 4 that it had dismantled a multibillion-dollar money laundering scheme that has enabled criminal networks, including Russian spies and oligarchs, to evade sanctions using cryptocurrency. The criminal operations, described by investigators as a "complex scheme," spanned over 30 countries. Criminal networks laundered proceeds from illegal […]

After days of discussions, the world’s leading anti-money laundering watchdog, the Financial Action Task Force (FATF), opted last week not to blacklist Russia despite efforts from Kyiv to sway members to do so over the Kremlin’s increasingly closer ties with blacklisted North Korea and Iran. The FATF, which monitors illicit financial activity like money laundering […]