US Treasury sanctions cryptocurrency exchange linked to ransomware; Treasury Secretary Yellen said the department would continue to ‘crack down on malicious actors’ - AML Intelligence
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US Treasury sanctions cryptocurrency exchange linked to ransomware; Treasury Secretary Yellen said the department would continue to ‘crack down on malicious actors’

By Elizabeth Hearst for AMLi

The US Treasury has announced sanctions against a Russian-based crypto exchange, SUEX, which allegedly laundered over $160 Million in ransomware profits. 

In a statement, the Treasury said the sanctions were “focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms”. 

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