Amitoj Singh is a CoinDesk reporter.
Two Russian nationals have been charged by U.S. authorities for their role in a global network to launder money and evade sanctions using crypto.Russian nationals Sergey Ivanov and Timur Shakhmametov have been charged for their involvement in operating money laundering services that catered to cybercriminals using cryptocurrencies, U.S. authorities announced on Thursday.
U.S. authorities also seized websites associated with three illicit cryptocurrency exchanges, in what was termed a"coordinated international effort" involving authorities in the Netherlands, Latvia, Germany, U.K, Europol, and multiple U.S. agencies. The websites relate to Russia linked payment and exchange platforms
Ivanov conducted transactions worth over $1.15 billion in value in the past 11 years. He was charged with one count of conspiracy to commit bank fraud for providing payment processing support to the carding website Rescator and one count of conspiracy to commit money laundering for carding website Joker’s Stash. The unlawful use of stolen credit and debit card data for fraudulent purposes is known as"carding.
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