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On December 7, 2022, United States law enforcement announced the unsealing of a seven-count indictment in the U.S. District Court for the Eastern District of New York, charging Andrii Derkach, 55, of Ukraine, with conspiracy to violate the International Emergency Economic Powers Act (IEEPA), bank fraud conspiracy, money laundering conspiracy, and four counts of money laundering in connection with the purchase and maintenance of two condominiums in Beverly Hills, California. The indictment alleges Derkach hid his interest in the transactions and violated sanctions imposed in 2020. Derkach is at large. The charges and forfeiture action are the first use of criminal and forfeiture powers targeting the concealment of ownership by senior foreign political officials, enacted as part of the National Defense Authorization Act of 2021.[1]
[1] U.S Department of Justice, Active Russian Agent Andrii Derkach Indicted for Scheme to Violate Sanctions in the United States, Press Rel. 22-1322, Dec. 7, 2022.