DOJ charges crypto executive with laundering $530M for sanctioned Russian banks
The Department of Justice (DOJ) has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.
Luii Gugnin, identified as George Goognin on Evita’s website, is also the president, compliance officer, and treasurer of the company, which operates Evita Investments and Evita Pay, based in Florida.
Banks, financial institutions—and cryptocurrency companies—are required to follow specific compliance processes to reduce the risk of fraud and money laundering by criminals.
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