Name
Indian authorities arrest alleged Garantex founder for US extradition
Publish date
12:00am, Wednesday, March 12, 2025
Referenced by
Co-founder of Garantex, Aleksej Besciokov arrested in India
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The US Department of the Treasury’s Office of Foreign Assets Control added Garantex to its list of sanctioned entities in April 2022 for “willfully disregard[ing] Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations and allow[ing] their systems to be abused by illicit actors.” The European Union also imposed sanctions against the platform in February as part of sanctions on “Russia’s war of aggression against Ukraine.”
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Bešciokov is expected to be transferred to US custody in accordance with India’s Extradition Act of 1962
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