U.K. takes down money laundering scheme with ties to Russia [Video]

LONDON –

British authorities have dismantled two massive money laundering operations linked to Russia that were used by oligarchs, organized crime groups, cybercriminals and drug dealers, the National Crime Agency said Wednesday.

The international sting, known as Operation Destabilize, seized 20 million pounds (US$25.4 million) in cash and cryptocurrency and arrested 84 suspects. It was revealed on the same day the U.S. announced new sanctions against several people at the top of the money laundering networks.

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“For the first time, we have been able to map out a link between Russian elites, crypto-rich cybercriminals and drug gangs on the streets of the U.K.,” said Rob Jones, NCA director general of operations. “We have identified and acted against the Russians pulling the strings at the very top, removing the air of legitimacy that enabled them to weave illicit …