DOJ Task Force 'KleptoCapture' to Target Crypto Exchanges in Sanctions Evasion Crackdown – Regulation Bitcoin News

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DOJ Task Force 'KleptoCapture' to Target Crypto Exchanges in Sanctions Evasion Crackdown – Regulation Bitcoin News
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DOJ’s task force KleptoCapture will also target crypto exchanges, said an official. cryptocurrency bitcoin $BTC

Financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money “will be in the crosshairs of this investigation.”A new Department of Justice task force, KleptoCapture, will enforce sanctions against Russian oligarchs as well as target anyone who helps hide their money, including crypto service providers, a senior DOJ official reportedly said Friday.

Noting that the KleptoCapture task force will take a “broader view” of who it regards as a facilitator in sanctions evasions, the DOJ official stated: In addition to those who willingly aid in money laundering, the official stressed that “actors who stick their heads in the sand, or blind themselves to moving dirty money may face money laundering charges for their role in concealing those proceeds.

“The task force is going to bring together prosecutors, agents, analysts, translators from across the department and across the U.S. government to pursue the crimes and the assets of Russian oligarchs, and others who have enabled the Russian regime responsible for the invasion of Ukraine,” the senior DOJ official detailed, adding:

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