UK Treasury Financial Sanctions Enforcement Office asks crypto exchanges to report suspicious transactions evading sanctions against Russia

The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has ruled that cryptocurrency exchanges must report to it any suspicious cryptocurrency transactions that may be used to evade sanctions against Russia, or face criminal charges or financial penalties, Decrypt reported. In an updated financial sanctions notice, OFSI said entities involved in, undermining Ukraine's sovereignty and supporting the Russian government will have their funds and economic resources frozen. the