Twister Money co-founders charged with cash laundering, sanctions violations

The US Treasury’s Workplace of International Property Management (OFAC) added Roman Semenov, one of many co-founders of the Twister Money cryptocurrency “mixer,” to its record of Specifically Designated Nationals and Blocked Individuals (SDN) on Aug. 23. One other co-founder, Roman Storm, was arrested by the Federal Bureau of Investigation and the Inside Income Service Legal Investigation division in Washington state the identical day.

Semenov and Storm are being charged with conspiracy to commit cash laundering, conspiracy to commit sanctions violations and conspiracy to function an unlicensed cash transmitting enterprise in an indictment unsealed on Aug. 23. The primary two counts every carry a most sentence of 20 years in jail. The cash transmitting cost is punishable by as much as 5 years’ imprisonment.

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