The U.S. DOJ reports that E-Note, a Russian-run laundering network, was shut down in coordination with European agencies, with its operator facing up to 20 years in prison.
On December 19, the U.S. Department of Justice announced that the FBI, working with European counterparts, dismantled E-Note, a Russian-operated money laundering service that processed more than $70 million in illicit funds since 2017. Mykhalio Petrovich Chudnovets, identified as the operator, has been charged with laundering criminal proceeds and faces a maximum sentence of 20 years if convicted.