Tag: Evita Investments

Our network partner FinCrime Observer recently outlined how the June 9, 2025 DOJ “Guidelines for Investigations and Enforcement of the FCPA” slash half of all pending bribery probes and restrict new ones to four scenarios that “vindicate U.S. interests.” However, the truly interesting aspect of international bribery activities is the widespread use of cryptocurrencies.

The U.S. Department of Justice (DOJ) has unsealed charges against Iurii Gugnin, a Russian national and New York resident, for allegedly laundering over $500 million through his crypto payment companies Evita Investments Inc. and Evita Pay Inc. Gugnin’s platform reportedly enabled sanctioned Russian clients to bypass U.S. sanctions and export controls via USDT-to-fiat conversion pipelines through U.S. banks and falsified documentation.