Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

DOJ’s ‘KleptoCapture’ Unit Will Target Russian Oligarchs (3)

March 2, 2022, 9:38 PM

The Justice Department announced details of a new inter-agency task force designed to enforce sanctions and export restrictions and to seize luxury assets belonging to Russia’s wealthiest citizens as the U.S. and its allies step up pressure over the invasion of Ukraine.

The “KleptoCapture” task force will gather experts in sanctions and export control enforcement, anti-corruption, asset forfeiture, anti-money laundering, tax enforcement, national security investigations, and foreign evidence collection, DOJ said in a statement on Wednesday. It will be led by a veteran corruption prosecutor from the U.S. Attorney’s Office for the Southern District of New York.

“What we’re doing ...