Money Laundering Bulletin

The UK's National Crime Agency (NCA) is pursuing disruption of Russian money laundering networks in Britain and overseas, whose funds might help Moscow finance its invasion of Ukraine.

The European Commission, on 3 December, listed Russia as a high-risk third country over deficiencies in its anti-money laundering and counter financing of terrorism regime.

Done Brothers (Cash Betting) Limited, which operates on UK high streets as Betfred, has been ordered to pay UK£825,000 (US$1,100,000) after the UK Gambling Commission found failings in its anti-money laundering controls and approach to social responsibility.