British authorities say they have dismantled two massive money laundering operations linked to Russia that were used by oligarchs, organized crime groups, cybercriminals and drug dealers

The U.S. and Britain announced on Wednesday they had disrupted what they described as a global money laundering ring used by rich Russians to evade sanctions, and which London said laundered cash for drug traffickers,

UK and US authorities on Wednesday announced a major crackdown on a pair of billion-dollar money laundering rings that officials say has cleaned money for Russia’s elite, cybercriminals and drug-runners around the world.

A driver who was stopped on the M1 with more than £250,000 in cash led to the downfall of a multi-billion Russian money laundering system, police have revealed.

The system was used by Russian-speaking hackers with millions in cryptocurrency which was used to turn cash into assets

An international investigation involving gardaí, the UK's National Crime Agency and other US and European law enforcement has dismantled a Russian money laundering network used by drug traffickers including the Kinahan Organised Crime Group.