Category: Sanctions

Bank of Cyprus froze bank accounts of sanction-related individualsU
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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.
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Pokerdom facilitated by Dream Finance dba CryptoProcessingC
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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.
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Garantex founder Sergey MeneleevS
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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.
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Superyacht Amore Vero seized by French authoritiesS
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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."
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