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ARTICLE · 13 MAY 2022

US Sanctions Euros

Rahman Ravelli
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Joshua Ray, of financial crime specialists Rahman Ravelli, assesses the US' pursuit of two foreign nationals accused of sanctions violation.

United StatesInternational Law
Rahman Ravelli Solicitors
Rahman Ravelli Solicitors
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Joshua Ray, of financial crime specialists Rahman Ravelli, assesses the US' pursuit of two foreign nationals accused of sanctions violation

US prosecutors have charged a UK national and a Spanish citizen with helping programmer Virgil Griffith evade US sanctions on North Korea.

Griffith, the creator of the blockchain Ethereum, was jailed for 63 months after pleading guilty to conspiring to violate the International Emergency Economic Powers Act; the legislation that is at the heart of the US sanctions regime. He was accused of assisting North Korea by giving a 2019 presentation in its capital Pyongyang about how digital currency could be used to both launder money and evade sanctions.

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