US Department of Justice Indicts Two Garantex Exchange Executives on Money Laundering Charges
JH Kim
Summary
- The US Department of Justice announced that it has indicted two executives of the virtual asset exchange Garantex on money laundering charges.
- Garantex was revealed to have processed at least $96 billion worth of virtual asset transactions since 2019.
- The exchange is suspected of being involved in money laundering activities linked to illegal organizations connected to terrorist groups.
The US Department of Justice announced on the 7th (local time) through its official website that, in cooperation with Finland, it has indicted two executives of the virtual asset (cryptocurrency) exchange Garantex on charges of helping multinational criminal organizations launder money.
According to the Department of Justice, Garantex has processed at least $96 billion worth of virtual asset transactions since April 2019, and is suspected of being involved in money laundering activities linked to illegal organizations, including terrorist groups.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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