US Expands Hunt for Russian Sanctions Evaders to Their Financial Advisers
- Focus on offshore financial advisers, bankers, private equity
- Cryptocurrency transactions also under scrutiny by task force
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The US Justice Department is looking for new ways to cut off Russian sanctions evasion by focusing on overseas investment advisers, hedge funds, law firms and private equity managers that have previously escaped scrutiny.
“People who are sitting in banks where they don’t care about US sanctions or money laundering or frankly fraud concerns, fit the bill when I say we are prioritizing facilitators,” Andrew Adams, head of the department’s Task Force Kleptocapture, told Bloomberg in an interview this week.