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    Home /  Insights /  Memos, Newsletters And Alerts /  Memo
    S&C Memos

    The Launch of Task Force KleptoCapture

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    March 3, 2022

    Department of Justice Creates Task Force to Hold Accountable Corrupt Russian Oligarchs

    On March 2, 2022, the U.S. Department of Justice (“DOJ”) announced the creation of Task Force KleptoCapture (“KleptoCapture”), an inter-agency task force designed to enforce sanctions and export restrictions imposed against Russian officials and oligarchs in response to the invasion of Ukraine. The task force, which consists of prosecutors and federal agents, will have the power to investigate and prosecute U.S. sanctions violations and efforts to undermine restrictions on Russian financial institutions, including by evading know-your-customer and anti-money laundering measures or using cryptocurrency as a means to avoid sanctions. The task force will also seize assets that belong to oligarchs and others who violate the sanctions, as well as assets identified as the proceeds of unlawful conduct.

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