Ballard Spahr LLP (LexBlog Russia)
DOJ Again Charges Crypto “Mixer” Under the BSA and District of Columbia’s Money Transmitters Act
In Related Case, Federal Court Holds that Bitcoin-to-Bitcoin “Tumbler” Can Represent “Money Transmission” On April 27, IRS CI and FBI Special Agents arrested Roman Sterlingov, a dual citizen of Russia and Sweden, for his alleged role as the founder and operator of Bitcoin Fog, a cryptocurrency “tumbler” or “mixer” aimed at concealing the source of...
U.S. Treasury and DOJ Target “Evil Corp”
Organization Excels at Niche Branding but Stumbles in Avoiding Enforcement The first paragraph of the press release sums it up: Today the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) took action against Evil Corp, the Russia-based cybercriminal organization responsible for the development and distribution of the Dridex malware. Evil Corp has used the...
Nothing to See Here: Treasury Report Naming Russian Oligarchs Rehashes Old News and Provides No New Sanctions
Twelve minutes ahead of the deadline set by Congress back in August, the U.S. Treasury Department issued a highly anticipated report listing Russian oligarchs and senior political figures. That sound you heard at 11:48 last night? A host of wealthy Russians heaving sighs of relief. The “Countering America’s Adversaries Through Sanctions Act,” (CAATSA) which was...