In a significant crackdown on crypto-related crime, the U.S. Department of Justice announced charges against Aliaksandr Klimenka, a 42-year-old Belarusian and Cyprus national.

Unsealed indictments reveal Klimenka’s alleged involvement in a money laundering conspiracy and the operation of BTC-e, an unlicensed digital currency exchange, alongside Alexander Vinnik and other associates from 2011 to July 2017.

US Takes Aims At Another Crypto Exchange

BTC-e is accused of being a nexus for cybercrime and money laundering by the US Justice, allegedly offering high anonymity trading services that attracted a clientele deeply entrenched in illegal activities.

The platform reportedly facilitated financial transactions stemming from a gamut of criminal endeavors, including computer hacking, fraud, identity theft, and drug trafficking, the press release claims.

Authorities highlight BTC-e’s role in cybercrimes, emphasizing its operation on U.S. servers allegedly without adherence to mandatory anti-money laundering protocols and “know your customer” (KYC) practices.

In addition, the government agency claims that despite its significant operations within the United States, BTC-e allegedly failed to register as a money services business, flouting federal laws requiring stringent anti-money laundering measures.

The US Department of Justice believes that Klimenka’s arrest in Latvia last December marks a critical step in their “efforts to combat cryptocurrency-facilitated crimes.”

Currently held in custody following his initial court appearance in San Francisco, Klimenka faces a daunting maximum sentence of 25 years if convicted. The charges underscore the U.S. government’s intensified focus on digital asset crimes, with the National Cryptocurrency Enforcement Team (NCET) spearheading investigations into the misuse of cryptocurrencies.

The collaborative efforts of the U.S. Secret Service, FBI, IRS Criminal Investigation, and Home

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Author: Reynaldo Marquez

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