FinCEN warns U.S. financial institutions to keep an eye out for attempts to evade sanctions and restrictions following Russia’s invasion of Ukraine. The Treasury Department’s Financial Crimes Enforcement Network also provided examples of red flags that would help identify suspicious activity that may be linked to sanctions evasion. In September, the Treasury announced its first-ever sanctions against a cryptocurrency exchange for facilitating ransom transactions linked to ransomware gangs and helping them evade sanctions. President Joe Biden issued an Executive Order on Wednesday regarding the use of digital assets to bypass sanctions imposed by the United States and foreign governments.”]