IRS Working With Ukraine to Track Russian Crypto Sanctions Evaders
- US donating licenses for investigative tool, hosting trainings
- Aim is to improve information-sharing between US, Ukraine
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The IRS criminal investigation division is ramping up collaboration with counterparts overseas in pursuit of sanctions evaders. The agency said it is working with blockchain analytics firm Chainalysis and with Ukrainian investigators to track Russian individuals who might be using cryptocurrency to conceal their assets in the aftermath of Russia’s invasion of Ukraine.
The agency is sponsoring Ukrainian investigators’ access to a Chainalysis tool that aides crypto probes. It has also offered both virtual and in-person training sessions on tracing blockchain transactions to Ukrainian law enforcement.