Mar 26, 2024NewsroomMoney Laundering / Digital Currency The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three cryptocurrency exchanges for offering services used to evade economic restrictions imposed on Russia following its invasion of Ukraine in early 2022. This includes Bitpapa IC FZC LLC, Crypto Explorer DMCC (AWEX), and Obshchestvo S […]
Four US residents have been charged with a series of money laundering offenses connected to a major “pig butchering” fraud syndicate. Lu Zhang, 36, of Alhambra, California; Justin Walker, 31, of Cypress, California; Joseph Wong, 32, of Rosemead, California; and Hailong Zhu, 40, of Naperville, Illinois, are charged with conspiracy to commit money laundering, concealment […]
The US Secret Service and various reporting portals tied the criminals’ laundering efforts to multiple wallet addresses. The seized proceeds were returned in the stablecoin Tether.
The Treasury Department on Friday sanctioned a Russian woman accused of laundering virtual currency on behalf of the country’s elites and cybercriminals, including an affiliate of Ryuk ransomware. According to the Office of Foreign Assets Control, Ekaterina Zhdanova worked to help other Russians evade sanctions imposed on the country’s financial system after the invasion of […]