Major shadow financial network dismantled in Ukraine

A major shadow financial network engaged in illegal currency exchange and cryptocurrency operations has been dismantled in Ukraine.

Investigators established that the structure was used to evade taxes and launder criminal proceeds.

Large-scale operation covered 16 regions of the country

Law enforcement officers conducted over 30 searches across various regions of Ukraine. During the special operation, more than UAH 630 million in cash was seized.

This amounted to approximately USD 14 million.

Largest seizure of funds

According to the Bureau of Economic Security of Ukraine (BESU), this is the largest cash seizure in the agency's history.

The dismantling of the network marks an important step in combating the shadow economy and financial crimes within the state.