Financial Crime Financial Crime

Virtual currency exchange Garantex sanctioned by US Treasury; action marks third since September

By Samuel Rubenfeld
  • 05 Apr 2022 22:28
  • 05 Apr 2022 22:28
The US Treasury Department today announced sanctions on Garantex, a virtual currency exchange it said had handled more than $100 million in transactions associated with illicit actors and darknet markets.
Garantex, founded in late 2019 and originally registered in Estonia, allows customers to buy and sell virtual currencies using fiat

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Samuel Rubenfeld


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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