[Law] The UK authorities dismantle a money laundering network used by Ryuk ransomware actors

### #OperationDestabilise #MoneyLaunderingNetworks #CryptoCrime

Summary: The UK’s National Crime Agency has successfully disrupted Russian money laundering networks that supported global organized crime, leading to significant arrests and asset seizures. The operation, known as ‘Operation Destabilise,’ targeted networks involved in laundering money for criminal enterprises and evading financial sanctions.

Threat Actor: Russian Organized Crime Groups | Russian Organized Crime Groups

Key Point :

• Operation Destabilise targeted two Russian-speaking networks, Smart and TGR, involved in laundering money for criminal enterprises.
• 84 individuals have been arrested, with over £20 million in cash and cryptocurrency confiscated.
• The Ryuk ransomware operators laundered over $2.3 million through the Smart network.
• The US Treasury’s OFAC sanctioned key individuals and four businesses linked to TGR.
• Both networks facilitated financial sanctions evasion and funded espionage activities.

Original Source: https://www.nationalcrimeagency.gov.uk/news/operation-destabilise-nca-disrupts-multi-billion-russian-money-laundering-networks-with-links-to-drugs-ransomware-and-espionage-resulting-in-84-arrests

Cyber Law and Cybercrime Investigation Blog: Immuniweb