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2 December 2025
Russian money launderers bought a bank to disguise ransomware profit
This article is part of the Computer Weekly issue of 2 December 2025
A billion-dollar money laundering network active in the UK funnelled money, including the profits of ransomware attacks, into its own bank to circumvent sanctions on Russia and help fund its attacks on Ukraine
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Features in this issue
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Interview: Ian Ruffle, head of data and insight, RAC
Real-time data insights and artificial intelligence are central to supporting the RAC’s motoring services and to getting drivers back on the road as quickly as possible
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Russian money launderers bought a bank to disguise ransomware profit
A billion-dollar money laundering network active in the UK funnelled money, including the profits of ransomware attacks, into its own bank to circumvent sanctions on Russia and help fund its attacks on Ukraine