Showing only posts tagged Richard Sanders. Show all posts.

U.K. Sanctions Cryptomus for RU Money Laundering

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The United Kingdom has issued economic sanctions against Cryptomus, a chameleonic cryptocurrency platform that experts say serves as a major conduit for payments related to ransomware, narcotics, darknet markets, fraud and cybercrime services that are helping Russia circumvent existing financial restrictions. Heleket’s support agent on Telegram claims, despite …

Canada Fines Cybercrime Friendly Cryptomus $176M

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Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada’s anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus’s Vancouver street …