Andrew Adams, head of the US Justice Department’s working group on sanctions enforcement against Russia, said the department is looking for new ways to deal with the circumvention of sanctions against Russia and plans to focus on intermediaries. It has been reported Bloomberg.
It was noted that the Ministry of Justice will turn its attention to foreign investment advisers, hedge funds and law firms.
According to Adams, the task force identifies individuals and companies that are hiding assets of wealthy Russian citizens.
The head of the working group also added that investigators will carefully examine ways to use cryptocurrency to hide transactions that could be sent to oligarchs and companies under sanctions.
Former US authorities arrested Sergei Karpuskin, 46, a citizen of Belarus, for circumventing sanctions against businessman Sergei Kurchenko and his two companies.