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The US Treasury’s OFAC has redesignated Garantex Europe to its sanctions list, targeting the exchange and its executives for facilitating illicit transactions. The move underscores the US government’s crackdown on crypto-related financial crimes.
- OFAC redesignated Garantex and sanctioned its successor Grinex, executives, and affiliated companies.
- Garantex allegedly processed $100+ million in illicit transactions since 2019.
- US Treasury warns against crypto abuse for cybercrime and sanctions evasion.
📎 Related coverage from: cointelegraph.com
Other Tags: OFAC, US Treasury