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Russians Hiding Wealth, and Those Helping, Face Prosecution (1)

March 11, 2022, 7:19 PM

The Justice Department will investigate and prosecute people, banks, cryptocurrency exchanges and others that help rich Russians hide or launder their luxury assets and money, a senior department official said.

The actions will be undertaken by a new task force dedicated to freezing or seizing the assets of Russian oligarchs and others under sanctions, in response to Russia’s invasion of Ukraine, said the official, who asked to remain anonymous to speak about the unit’s work.

On a call with reporters Friday, the official provided the first glimpse of the inner workings of the group -- dubbed Task Force KleptoCapture -- ...