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Crypto platform Bitzlato charged with laundering more than $700 million of illicit money

wsj 4 min read . Updated: 19 Jan 2023, 02:00 AM IST MENGQI SUN, The Wall Street Journal
Lisa Monaco, deputy US attorney general, speaks during a news conference with Kenneth Polite Jr., assistant attorney general of the criminal division at the US Department of Justice, left, at the Department of Justice in Washington, DC, US, on Wednesday. (Bloomberg)Premium
Lisa Monaco, deputy US attorney general, speaks during a news conference with Kenneth Polite Jr., assistant attorney general of the criminal division at the US Department of Justice, left, at the Department of Justice in Washington, DC, US, on Wednesday. (Bloomberg)

  • Treasury Department also designates platform as a primary money-laundering concern, a rarely used sanction used mostly against banks

U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money laundering for criminals.

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