All news on the topic: Semen Kuksov

British authorities claim that Alexander Kuksov, a Russian citizen with Maltese citizenship, was involved in a significant money laundering operation. His brother was found guilty for his participation in the same network.

Russian national Semen Kuksov was sentenced last year in the U.K. for his role in an international ring that laundered funds for criminals.

The government of Malta pledged to uphold the ruling, highlighting that its citizenship by investment program had generated $1.6 billion, with a significant portion allocated to support social programs.

Britain’s National Crime Agency said the money laundering bust was its biggest in a decade.