Category: Sanctions

Binder Groesswang Sterngasse 13 in ViennaW
Categories
May 18, 2023

Western Sanctions, The Cyprus Panic, And The Austrian Situation!

FinTelegram reported today on the sanctions panic in Cyprus. Lawyers, tax advisors, and banks are under massive pressure to stop their activities for individuals and companies affected by the sanctions. Besides Cyprus, Austria has also been a popular money-laundering hub for Russian oligarchs and their companies. It is known that oligarchs invested billions in real estate in Vienna and are currently trying to sell them secretly.
Read More
Bank of Cyprus froze bank accounts of sanction-related individualsU
Categories
May 18, 2023

Ukraine War: Sanctions Panic In Cyprus Is Rising!

A new list of Cypriot individuals and companies affected by Western sanctions against Russia and Russian citizens will reportedly be published on Friday. Already in April 2023, 13 Cypriot lawyers and tax advisors were added to the sanctions list. The Bank of Cyprus is said to have frozen up to 10,000 bank accounts. The Cypriot banks are reacting hyper-nervously and are apparently freezing bank accounts en masse, with non-sanctioned companies and individuals also affected.
Read More
Pokerdom facilitated by Dream Finance dba CryptoProcessingC
Categories
May 11, 2023

Crypto Payment Processor CryptoProcessing And Its Russian-Focused Client Pokerdom!

Pokerdom is an online gambling site specializing in Russia and Belarus. According to Similarweb statistics, around 90% of visitors to their different websites in the last 28 days came from these two countries affected by the Western sanctions. The Austrian-controlled crypto payment processor CryptoProcessing, operating via an Estonian crypto license, is the crypto payment processor for Pokerdom.
Read More
Advcash and BinanceC
Categories
May 7, 2023

Crypto Exchanges And Their Ways To Circumvent Western Embargo Against Russia!

Western sanctions target the Russian financial system in particular. Western financial institutions are no longer allowed to serve Russian customers. However, crypto exchanges and payment processors are increasingly used to circumvent the sanctions. According to a Reuters report, the U.S. Justice Department is investigating whether Binance facilitated the circumvention of US sanctions and enabled the illicit movement of funds. One of the Binance partners is Advcash.
Read More
S
Categories
September 19, 2022

Sanctioned Crypto Payment Processor Garantex Continues To Grow While Founder Launches New Project!

In March 2022, the Russian-controlled Estonian crypto payment processor Garantex Europe OÜ had to surrender its crypto license for money laundering issues. It allegedly processed more than €5 billion annually, primarily for merchants from Russia and other high-risk countries. The U.S. Department of Treasury sanctioned Garantex but they seem unimpressed. Their business seems to boom, and Garantex founder Sergey Mendeleev announced a new DeFi venture.
Read More
Superyacht Amore Vero seized by French authoritiesS
Categories
March 3, 2022

Superyacht hunting update – French seized Igor Sechin’s Amore Vero!

The beating of Russian oligarchs continues. Today, the French government announced that it had seized the $120M superyacht Amore Vero owned by the Russian oligarch Igor Sechin, CEO of Russian energy giant Rosneft. The French finance minister informed via Twitter that the precious vessel was seized at a shipyard at La Ciotat near Marseille. The EU sanctioned Sechin earlier this week, describing him as one of Russian President Vladimir Putin's "most trusted and closest advisors, as well as his personal friend."
Read More