DEVELOPER AT US-SANCTIONED TORNADO CASH WORKED FOR COMPANY LINKED TO RUSSIAN SECURITY AGENCY

On 25 August, an article from CNAS in Fortune magazine was concerned with Alexey Pertsev, a Netherlands resident, arrested and extradited to the US on suspicion of “involvement in concealing criminal financial flows and facilitating money laundering”.  It reports claims that he was formerly employed by a company linked to Russian security agency FSB.  He was arrested in connection with Tornado Cash, which the US Treasury sanctioned on 8 August, alleging that hacking groups including North Korea’s Lazarus Group have used the service to launder billions of dollars. 

https://fortune.com/2022/08/25/tornado-cash-developer-russian-fsb-linked-company/

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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 View all posts by raytodd2017