Treasury Sanctions SUEX Exchange for Laundering Ransoms

The Biden administration fired another shot in its battle against ransomware Tuesday as the U.S. Treasury Department took steps to disrupt the financial infrastructure behind ransoms, designating for sanctions the SUEX OTC, S.R.O. virtual currency exchange for laundering ransom payments. By designating SUEX, the Treasury Department’s Office of Foreign Assets Control (OFAC) is blocking the..

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