Target Crypto Exchanges in Sanctions Evasion Crackdown

The U.S. Department of Justice (DOJ), a new task force set up by KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services and crypto exchanges that allow Russian oligarchs to transfer money will be at the crosshairs of this investigation.

A new Department of Justice (DOJ) task force will impose sanctions on KleptoCapture, Russian oligarchs, as well as target anyone who helps them hide their money, including crypto service providers, a senior DOJ official said Friday.

The Kleptocapture Task Force was launched on March 2nd. It is an inter-agency law enforcement task force dedicated to enforcing comprehensive sanctions, export sanctions and economic countermeasures that the United States has imposed on its allies and partners in response to Russia's unpopular military action. The attack on Ukraine, the DOJ described.