#SanctionedEntities

US sanctions crypto exchanges used by Russian darknet market, banks

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March 25, 2024 at 05:26PM The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Bitpapa and Crypto Explorer for dealing with OFAC-designated Russian entities, Hydra Market and banks. The move aims to disrupt Russian attempts to evade sanctions. The sanctions freeze assets and prohibit transactions involving the designated entities, posing risks to engaging parties. … Read more

Feds collar suspected sanctions-busting Russian smugglers of US tech

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November 1, 2023 at 03:12PM Three Russian nationals have been arrested in New York for smuggling electronics components to sanctioned entities in Russia, some of which were later found on battlefields in Ukraine. The trio sent over 300 shipments valued at over $10 million through front companies, directing them to various countries before rerouting them … Read more