The US Treasury’s OFAC has redesignated Garantex, previously sanctioned in 2022, and indicated that it and its successor, Grinex, facilitated over 100 million USD in illicit transactions since 2019.
John Hurley from the Treasury emphasized that preventing cryptocurrencies from being used in cybercrime and money laundering is crucial for national security.
The agency has indicted Garantex executives for money laundering and violating US sanctions, also offering a reward of up to 6 million USD for information leading to their arrests.
Leave a Reply