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U.S. authorities have charged Russian citizens Sergey Sergeevich Ivanov and Timur Shakhmametov for allegedly operating a cryptocurrency money laundering service tied to Russian cybercrime.
Its Financial Crimes Enforcement Network has designated PM2BTC, associated with Ivanov, as a “primary money laundering concern.” Additionally, its Office of Foreign Assets Control has also sanctioned Ivanov and Cryptex forin Russian cybercrime for over two decades and has allegedly laundered hundreds of millions of dollars through various payment processing services, including UAPS.
Law enforcement agencies, including the U.S. Secret Service, Netherlands Police, and the Dutch Fiscal Intelligence and Investigation Service , have seized web domains and infrastructure tied to PM2BTC and Cryptex. The U.S. Secret Service and the Attorney’s Office for the Eastern District of Virginia also unsealed an indictment against Ivanov and Shakhmametov.
Bradley T. Smith, acting Undersecretary of the Treasury for Terrorism and Financial Intelligence, commented on the situation, saying: “The United States and our international partners remain resolute in our commitment to prevent cybercrime facilitators like PM2BTC and Cryptex from operating with impunity.”
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