Key Highlights: United States authorities have added 45 new targets to their sanctions list, bringing the total number of designated entities linked to the network to 226 across three enforcement rounds. Prince Group chairman Chen Zhi faces federal charges in Brooklyn for wire fraud and money laundering conspiracy, while the U.S. Justice Department seeks civil ...
Key Highlights The U.S. government has uncovered billions of dollars in illicit transactions on cryptocurrency exchange MEXC Global tied to sanctioned entities in Iran and Russia. FinCEN has issued an order barring U.S. financial institutions from processing fund transfers to or from MEXC Global, with penalties for non-compliance. The enforcement restriction will formally take effect ...
Key Highlights Blockchain intelligence tracked bi-weekly stablecoin salaries paid to a North Korean IT worker, which were laundered through sanctioned entities, an operative named Boykov, and the Russian exchange Garantex. U.S. sanctions targeted intermediaries including Roman Obertas, who converted nearly $2 million in cryptocurrency to fiat for North Korean officials, alongside managers Kim Ki Hyok, ...
Key Highlights: The U.S. Treasury Department’s OFAC sanctioned Russian nationals Ilya Aleksandrovich Boykov and Vitold Viktorovich Obertas for laundering millions in cryptocurrency for North Korean IT worker networks. Boykov processed $3.5 million for the previously sanctioned entity Alis, while Obertas converted nearly $2 million in digital assets and $1.25 million in other currencies. North Korean ...