OFAC Sanctions Russian National for Virtual Currency Money Laundering

    The United States OFAC has sanctioned Russian national Ekaterina Zhdanova for using virtual currency to launder money on behalf of Russian elites. Learn more about the actions taken against her.

    The United States Office of Foreign Assets Control (OFAC) has imposed sanctions on Russian national Ekaterina Zhdanova, accusing her of using virtual currency to launder money for designated Russian elites.

    This move aligns with the G7’s goal of targeting individuals aiding sanctioned Russian oligarchs. Zhdanova allegedly helped an undisclosed client obscure the source of $2.3 million funneled into Western Europe, facilitating the evasion of sanctions by the sanctioned Russian individual.

    Brian E. Nelson, the Under Secretary of the Treasury for Terrorism and Financial Intelligence, emphasized the importance of protecting the financial system from those exploiting technology for illicit finance.

    As a result of the sanctions, Zhdanova’s U.S. properties and interests are now either blocked or must be reported. OFAC asserts that Zhdanova’s actions undermine the effectiveness of multilateral sanctions aimed at imposing costs on Russia for its unprovoked war.

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