FirstFT: Kremlin-backed forgery operation moved $6.9bn through global banks

A major investigation has revealed that a forgery operation backed by the Kremlin managed to siphon off $6.9 billion through global banking networks. This discovery underscores the ongoing vulnerabilities within international financial systems and highlights the need for stricter regulatory oversight. While this exposes the extent of criminal activities, it also brings to light the broader issue of state-sponsored fraud and its implications on global financial stability. For more details, check out the full article in the Financial Times.