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Sanctions

Sanctions

2024 Crypto Crime Trends: Illicit Activity Down as Scamming and Stolen Funds Fall, But Ransomware and Darknet Markets See Growth

2023 was a year of recovery for cryptocurrency, as the industry rebounded from the scandals, blowups, and price declines of…

Sanctions

OFAC Sanctions Russian National Ekaterina Zhdanova for Using Cryptocurrency to Launder Money on Behalf of Russian Elites and Ransomware Groups

On November 3, 2023, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russian national…

Sanctions

OFAC Sanctions Gaza-based MSB Buy Cash with Crypto Ties to Hamas Following Terror Attack Against Israel

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it has imposed sanctions on ten…

Sanctions

OFAC Sanctions Network Involved in China-based Manufacturing of Fentanyl and Other Drugs, Highlights Related Cryptocurrency Addresses

On October 3, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) brought sanctions against several individuals and companies…

Sanctions

OFAC Sanctions Mexican and Colombian Nationals Involved in Sinaloa Cartel Fentanyl Trafficking and Money Laundering Via Cryptocurrency

On September 26, 2023, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals…

Sanctions

The U.S. and U.K. Sanction 11 Members of Russia-based Ransomware Group Trickbot

Continuing the crackdown on Russia-based ransomware group Trickbot, the U.K. HM Treasury Office of Financial Sanctions Implementation (OFSI) and the…

Sanctions

OFAC Sanctions Tornado Cash Founder Roman Semenov, DOJ Files Charges Against Him and Co-founder Roman Storm in Coordinated Action

On August 23, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Roman Semenov, co-founder of…

Gold bitcoin in front of a gavel and U.S. flag
Sanctions

OFAC and Crypto Crime: Every OFAC Specially Designated National with Identified Cryptocurrency Addresses

As far back as the early 1800s, the U.S. Department of the Treasury has issued economic sanctions to achieve foreign…

Sanctions

OFAC Sanctions Several ISIS and Al-Qaeda Operatives in Maldives, Highlights Crypto Address Controlled by SDN Ali Shafiu

On July 31, 2023, the U.S. Treasury’s Office of Foreign Asset Control (OFAC) sanctioned several individuals and entities associated with…

Sanctions

[UPDATED 12/1/23] South Korea Sanctions North Korea Hacking Group Kimsuky, Identifies Related Crypto Addresses. U.S. and Japan Follow Suit.

Update, 11/30/23: U.S. and Japan join South Korea in sanctioning Kimsuky On November 30, 2023, the United States’ Office of…

Sanctions

OFAC and South Korea’s Ministry of Foreign Affairs Sanction Entities Associated with North Korean Hacking and IT Worker Crypto Payment Schemes

On May 23, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and South Korea’s Ministry of Foreign Affairs…

Sanctions

OFAC Sanctions Dubai-based Financial Services Firm and CEO for Role in Russian Sanctions Evasion, Includes Crypto Address as SDN Identifier

On May 19, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 22 individuals and 104 entities operating…

Sanctions

United States Sanctions and Charges Russia-based Ransomware Developer Mikhail Matveev

On May 16, 2023, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Mikhail Matveev, a Russian national…

Sanctions

DPRK Facilitators Charged and Sanctioned, Shedding Light on North Korean Crypto Money Laundering Processes

On April 24, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three individuals operating…

Sanctions

北朝鮮の協力者が制裁対象に指定、マネロンのプロセスが明らかに

2023年4月24日、米国財務省外国資産管理局(Office of Foreign Assets Control :OFAC)は、大量破壊兵器やミサイルへの資金供与とみられる北朝鮮の暗号資産マネーロンダリングに関与し、中国で活動していた3名を経済制裁の対象に指定しました。制裁対象となった3名のうち、制裁対象リストに暗号資産アドレスが含まれるのは2名です。また、米国法務省(Department of Justice: DOJ)は、そのうちの1名を同日公開された訴状にて起訴しました。 本ブログ記事では、3名の被疑者と制裁措置の詳細について説明し、北朝鮮による暗号資産のマネーロンダリングのプロセスについての新たな情報を取り上げます。 告訴及び制裁措置の対象となったのは何者か? OFACによって経済制裁の対象となったのは、Wu Huihui(Wu)、Cheng Hung Man(Cheng)、Sim Hyon Sop(Sim)の3名です。このうち、Simはマネーロンダリングの疑いで、DOJに起訴されています。 Wuは、中国で活動する暗号資産OTC(相対取引)トレーダーであり、北朝鮮のサイバー犯罪組織であるLazarus Groupと活動する北朝鮮のアクターのために、窃取された数百万ドル相当の暗号資産を法定通貨に換えていました。 Chengは、香港で活動するOTCトレーダーで、Wuの活動に直接協力していました。ダミー会社を使い、ChengとWuは、北朝鮮が米国の経済制裁をかいくぐり、暗号資産(その多くはハッキングで盗難されたもの)を法定通貨に換えるのを支援しました。…