By Luc Cohen
A U.S. jury deadlocked on money laundering and sanctions evasion charges against the Roman Storm, the founder of Tornado Cash, a firm that makes cryptocurrency transactions harder to track.
The jury in Manhattan federal court could not reach a verdict on charges Storm conspired to launder the proceeds of hacks, including by a sanctioned North Korean government-backed group. But the jury found him guilty of the less serious charge of conspiracy to operate an unlicensed money transmitting business.
Subscribe now to have unlimited access
With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
