Tag: U.S. Department of the Treasury

U.S. Treasury Targets Russian Money Launderer in Cybercrime Crackdown
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U.S. Treasury Targets Russian Money Launderer in Cybercrime Crackdown

A Russian lady who participated in the laundering of virtual currency for the nation's elites and cybercrime groups, such as the Ryuk ransomware organization, has been sanctioned by the U.S. Department of the Treasury. According to the department, Ekaterina Zhdanova is suspected of facilitating significant cross-border transactions to help Russian citizens avoid international sanctions and obtain access to Western financial markets. The treasury department stated last week that Zhdanova uses organizations that are exempt from Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT) regulations, such as the Russian cryptocurrency exchange Garantex Europe OU (Garantex), which has been designated by OFAC. Zhdanova uses a variety of value transfer techniques to transfer ...