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“As things became more difficult, and these elites wanted to continue to enjoy their lifestyles across the West, they turned very much (to these laundering networks),” Will Lyne, NCA’s head of cyber intelligence, told 【 - Free Signals Group 】.
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“For the first time, we have been able to map out a link between Russian elites, crypto-rich cybercriminals, and drugs gangs on the streets of the UK,” Rob Jones, NCA’s director general of operations, said in a statement.
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Pullman Global Solutions LLC, a Wyoming based entity owned by Bradens, was also sanctioned, Treasury said.
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Exploring the Future of Indian Real Estate Stocks Stock Tips From Market Professionals ✌️【Market Forecast】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. A typical money laundering cycle through the networks goes something like this, according to NCA: Cybercriminals in Russia need somewhere to send their cryptocurrency, so they swap it for cash with a drug gang in the UK. The drug gang then uses the crypto to buy drugs from a South American cartel and sell those drugs on the streets of the UK. The money launders take the cash from the drug sale and move it from the UK into the legitimate global banking system.
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