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Story summary
- The United Kingdom's National Crime Agency (NCA) led a major operation seizing about £25 million in cash and cryptocurrency and arresting 128 people.
- The NCA coordinated with international teams to pursue the network.
- Investigators described a cash-for-crypto scheme that laundered illicit funds, including proceeds from drug trafficking, into digital currency.
- Investigators linked the scheme to a Kyrgyz bank that helped disguise the money's movement, highlighting ongoing sanctions enforcement challenges.
