The system was used by Russian-speaking hackers with millions in cryptocurrency which was used to turn cash into assets
As well as UK-based gangs, the network is believed to have helped Russian clients to avoid international sanctions to use the illicit funds to buy property, cyrptocurrency, firearms and drugs.
The system allowed gangs to collect funds in one country and make the equivalent value available in another, often by swapping cryptocurrency for cash.said to have been born in Siberia before making it in the financial industry and building up connections in Moscow.Zhdanova was arrested in France and had already been sanctioned by the US last year.
“The thread that tied them together – the combined force of Smart and TGR – was invisible until now.” Smart’s customers are alleged to have included a Russian ransomware group that was responsible for attempting to extort at least £27m from 149 UK victims including hospitals, schools, businesses and local authorities.
In Jersey in October 2021, an investigation found that Muhiddin Umurzokov, Anvarjon Eshonkulov and Batsukh Bataa had tried to launder £60,000 on the island.
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