1 year ago
The authorities section said it would enforce “full blocking sanctions” connected Jonatan Zimenkov and his crypto addresses owed to his connections with a sanctions evasion network.
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The Office of Foreign Assets Control of the United States Department of the Treasury has added 2 cryptocurrency wallets allegedly connected to a Russian sanctions evasion web arsenic portion of its database of Specially Designated Nationals.
In a Feb. 1 announcement, OFAC said it had added 1 Bitcoin (BTC) code and 1 Ether (ETH) code to its database of sanctioned entities arsenic portion of a determination to “methodically and intensively people sanctions evasion efforts astir the globe.” Treasury said it would enforce “full blocking sanctions” connected 22 individuals, including Jonatan Zimenkov, a Russian nationalist with entree to astatine slightest 1 BTC wallet and 1 ETH wallet.
According to the U.S. Treasury, Jonatan is the lad of arms trader Igor Vladimirovich Zimenkov, who runs the sanctions evasion network. The radical was allegedly down supplying exertion to a Russian institution pursuing the country’s penetration of Ukraine successful February 2022, arsenic good arsenic supporting definite “sanctioned, state-owned Russian defence entities,” including Rosoboroneksport and Rostec.
“Igor Zimenkov was designated pursuant to E.O. 14024 for operating oregon having operated successful the defence and related materiel assemblage of the Russian Federation economy,” said OFAC. “Jonatan Zimenkov was besides designated pursuant to E.O. 14024 for having materially assisted, sponsored, oregon provided financial, material, oregon technological enactment for, oregon goods oregon services to oregon successful enactment of, Igor Zimenkov.”
Treasury is taking much enactment arsenic portion of the U.S. strategy to methodically & intensively people Russia's sanctions evasion efforts astir the globe, and to marque it harder & costlier for Russia's military-industrial analyzable to re-supply Putin's warfare machine.https://t.co/q7a6DIxhZg
— Deputy Secretary Wally Adeyemo (@TreasuryDepSec) February 1, 2023The BTC code provided by Treasury showed nary equilibrium astatine the clip of publication. The ETH code likewise contained nary tokens but showed 4 transactions totaling astir 5,463 ETH successful aboriginal 2022 — much than $16 cardinal astatine the time.
Related: Kraken settles with US Treasury's OFAC for 'apparent' sanctions violations
The U.S. Treasury seems to person stepped up efforts to see crypto wallets successful its sanctions efforts. The authorities section effectively barred U.S. residents from utilizing the arguable Tornado Cash mixer, an enactment that aboriginal prompted lawsuits from crypto advocacy groups and investors.
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