Global Screening Services (GSS), a London-based regulatory compliance platform that helps financial institutions meet their global sanctions obligations, has raised $ 47 million in a round of funding. The raise comes amid a spike in economic sanctions, with the U.S. issuing trade restrictions and asset blocking against states including Russia, China, Iran and more. Enforcement […]
US sanctions founder of spyware maker Intellexa for targeting Americans
The U.S. government announced Tuesday sanctions against the founder of the notorious spyware company Intellexa and one of his business partners. This is the first time the U.S. government has targeted specific people, in addition to companies, with sanctions related to the misuse of commercial spyware. And it signifies an escalation of the White House […]
US sanctions LockBit members after ransomware takedown
The U.S. government has sanctioned two key members of LockBit, the Russian-speaking hacking and extortion gang accused of launching ransomware attacks against victims across the U.S. and internationally. In a post on Tuesday, the U.S. Treasury confirmed it is sanctioning two Russian nationals, Artur Sungatov and Ivan Gennadievich Kondratiev. Sungatov and Kondratiev were separately indicted […]
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the sanctions theme. Pyramids Offer Russian Investors Ways to Circumvent Western Sanctions Amid growing financial uncertainty, Ponzi […]
Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia Recognizes Need for Local Crypto Assets Market Amid expanding international sanctions over […]