Golden Finance reported that according to the Financial Times, a British-led operation revealed a multi-billion dollar money laundering scheme operating in London, Moscow and Dubai that enabled Russian spies and European drug traffickers to exploit cryptocurrencies. evade sanctions. Britain's National Crime Agency (NCA) said on Wednesday that its "Operation Destabilization" investigation is focusing on two companies - Smart and TGR - that act as a platform for well-funded global criminals and victims of cryptocurrencies to remain outside the banking system. Financial centers that sanction individuals. The NCA said that from late 2022 to the summer of 2023, the network was used by clients including the Kinahan drug cartel, Irish cocaine traffickers linked to multiple contract killings, as well as ransomware groups and "Russian espionage operations". NCA director of operations Rob Jones said the investigation was the "most significant money laundering operation" the NCA has ever conducted. He said it “targets money laundering hubs that combine street cash and cryptocurrency at scale.