ThreatCluster

Russian Money Laundering Network Acquires Kyrgyz Bank for Cybercrime Profits

First seen 2 Dec 2025, 18:33 UTC •ComputerweeklyTheregister •15

Article Content

Browse articles
ThreatCluster

On Christmas Day 2024, a Russian-linked money laundering network purchased a controlling stake in a bank in Kyrgyzstan. This acquisition was part of a scheme to wash cybercrime profits and support the Russian war effort, as reported by the UK's National Crime Agency (NCA). The network has been active in converting dirty cash into cryptocurrency across at least 28 UK locations.

How this analysis works

Extracted Entities

1 / 2