Exposing the TGR Group Sanctions Circumvention Network – United States Department of State

The United States is today sanctioning five individuals and four entities connected to the TGR Group, a sprawling international network that has engaged in sanctions circumvention on behalf of Russian elites.  This action was taken in coordination with the United Kingdom’s National Crime Agency, as well as the U.S. Drug Enforcement Administration and Financial Crimes Enforcement Network.

Today’s action reaffirms the G7 commitment to counter attempts to circumvent sanctions, disrupt illicit actors misusing virtual assets to hide and enhance their wealth, and degrade Russia’s ability to fund its malign influence activities abroad.  We will continue to protect the international financial system and take action against sanctions evaders inside and outside of Russia.

The Department of the Treasury actions were taken pursuant to Executive Order 14024.  For more information on today’s action, see Treasury’s press release.