The US government is preparing to charge two Russian nationals accused of masterminding a massive money laundering operation. This move is part of a broader effort to crack down on Russian cybercrime. According to sources, one of the men has been involved in money laundering for over a decade, making him one of the longest-serving professionals in the field.

The two Russians are suspected of operating websites that sell stolen financial information, including credit and debit card details. These sites have been advertising financial data stolen from tens of millions of Americans. Furthermore, millions of dollars in ransomware payments and darknet drug sales are believed to have flowed through cryptocurrency accounts linked to one of the suspected services.

The charges are expected to be laid despite the fact that neither of the men is currently in US custody. The State Department has offered a $10 million reward for information leading to their arrest or conviction. The Treasury Department is also set to impose sanctions on at least one of the suspects.

The move comes as Ukrainian President Volodymyr Zelensky prepares to meet with President Joe Biden and Vice President Kamala Harris in Washington, DC. Zelensky is expected to urge the US to provide further support in the face of Russia's ongoing war on Ukraine.

Uncoupling the Web of Russian Money Laundering

Actions