OFAC designates Garantex successor Grinex and associated crypto network

What changed

OFAC redesignated Garantex under cyber authorities and designated successor exchange Grinex, executives, and supporting companies for sanctions evasion, ransomware, and other malicious cyber activity.

Who it affects

• Digital-asset exchanges, custodians, investment advisers, compliance vendors, and clients

What is still open

• Further associated addresses, entities, licenses, and enforcement actions

What it means for an advisor

• Refresh exchange and address screening, successor-entity detection, beneficial-ownership review, ransomware exposure, and blocked-property controls.