The U.S. Treasury and its Workplace of Overseas Property Management (OFAC) imposed sanctions on numerous entities with ties to Russia on Could 19.
Treasury sanctions new crypto tackle
OFAC has sanctioned a number of entities together with Huriya Non-public FZ LLE, an organization based mostly within the United Arab Emirates (UAE). The agency has allegedly laundered cash and procured passports for Russian actors since Russia’s invasion of Ukraine started in 2022.
Sanctions in opposition to Huriya Non-public additionally prolong to the corporate’s CEO, Irish nationwide John Desmond Hanafin. The Treasury sanctioned Hanafin’s Tether (USDT) tackle, 0x38735f03b30FbC022DdD06ABED01F0Ca823C6a94.
Separate experiences from blockchain analytics agency Elliptic recommend that the tackle has obtained over $4.95 million in stablecoin transactions.
Huriya Non-public and Hanafin are simply two people named within the newest sanctions. OFAC sanctioned lots of of different people and entities as a way to disrupt Russia’s export management evasions, army funds, and vitality revenues.
Different Russia-related Treasury actions
The U.S. Treasury and OFAC have additionally taken motion in opposition to different crypto addresses and cryptocurrency firms associated to Russia prior to now.
In September 2022, OFAC sanctioned a number of crypto addresses linked to Job Power Rusich. In April 2022, it sanctioned the crypto mining agency BitRiver in addition to the Russian darknet market Hydra, which relied on Bitcoin transactions.
In February 2023, the company sanctioned Bitcoin and Ethereum addresses tied to Russian arms supplier Igor Zimenkov and his son, Jonatan Zimenkov.
The company has additionally sanctioned quite a few actors in different international locations, together with North Korea and China, in addition to the decentralized cryptocurrency mixer Twister Money.
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