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Legal Brief: White House Targets Ransomware

By Larissa Bernardes

Editor's Note: This month, the ACAMS moneylaundering.com legal team examines U.S. initiatives to combat the rising threat of ransomware attacks and related money-laundering schemes. On Nov. 8, the U.S. Justice Department announced charges against two alleged hackers while the Treasury Department released cybersecurity-related guidance as part of a broader federal campaign to tackle ransomware attacks and ransomware-related payments. Federal prosecutors said they had seized more than $6 million in funds traceable to Yevgeniy Polyanin and charged him and another accomplice, Yaroslav Vasinskyi, with allegedly engaging in ransomware operations. Treasury's Office of Foreign Assets Control, or OFAC, meanwhile blacklisted the two...

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