The U.S. Treasury and its Workplace of International Property Management (OFAC) imposed sanctions on varied entities with ties to Russia on May 19.
Treasury sanctions new crypto handle
OFAC has sanctioned a number of entities together with Huriya Non-public FZ LLE, an organization primarily based 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) handle, 0x38735f03b30FbC022DdD06ABED01F0Ca823C6a94.
Separate studies from blockchain analytics agency Elliptic counsel that the handle has acquired 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 so as 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 corporations associated to Russia up to now.
In September 2022, OFAC sanctioned a number of crypto addresses linked to Activity Power Rusich. In April 2022, it sanctioned the crypto mining firm 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 Tornado Cash.
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