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Russian Money Laundering Network Acquires Kyrgyz Bank for Cybercrime Profits

First seen 2 Dec 2025, 18:33 UTC ComputerweeklyTheregister 88% similarity 15

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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.

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