UK Drug Money Laundering via Crypto: NCA Identifies Network

The UK National Crime Agency (NCA) has uncovered a sophisticated criminal network utilizing cryptocurrency to launder billions of dollars from the UK drug trade, ultimately supporting Russia’s military-industrial complex. This operation operates across 28 cities in the UK, as detailed by NCA officials. The network facilitates this illicit activity by converting cash into cryptocurrencies and funneling funds through banks to support Russia’s military-industrial needs.