OFAC ADDS 2 NAMES AND NUMEROUS DIGITAL CURRENCY ADDRESSES TO SANCTIONS LISTS

On 16 September, OFAC advised that 2 Russian individuals – Dmitrii KARASAVIDI and Danil POTEKHIN (aka “cronuswar”; and Kireev Valerievich SERGEY) – and a large number of digital currency addresses had been added to its sanctions lists.  These designations are said to be part of a coordinated action with the DoJ and the  Department of Homeland Security, re the individuals’ involvement in a sophisticated phishing campaign in 2017 and 2018 that targeted customers of 2 US-based and 1 foreign-based virtual asset service providers. 

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20200916

https://home.treasury.gov/news/press-releases/sm1123

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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