Suex Scandal

On September 21st, the U.S government took action against Suex, a Russian cryptocurrency broker. According to the announcement, the sanctions on Suex should eliminate criminal-related activities. Furthermore, the directive came from the Treasury’s Office of Foreign Assets Control (OFAC). The War on Illicit Financing According to the Treasury’s announcement, criminal networks use cryptocurrencies and exchanges to launder money. As per the government, such incidents affect the country’s economy. Essentially, Suex’s services combine illegal ransomware transactions with genuine transfers. So, for…