ChainCatcher reported that on Oct. 8, the UK added Xeltox Enterprises, Processing KG, TokenSpot and Tsunami Payments to its sanctions list, with identifiers RUS3755, RUS3756, RUS3758 and RUS3763.
The batch covered 38 new designations in total, including three crypto exchanges and two payment platforms. The UK government said two of the companies had processed transactions linked to the Kremlin-backed A7 network. A7 has said it transferred more than $90 billion last year. The notice did not specify which companies were involved, and the figure was cited by the UK as A7’s own claim.
Restrictions extend beyond asset freezes
According to the notice, the measures go beyond asset freezes. The listed companies also face restrictions on correspondent banking, payment processing and internet services in the UK.
UK’s stated basis for listing Xeltox
A minister of state said there were reasonable grounds to suspect that Xeltox had obtained a benefit from or supported the Russian government by operating in Russia’s financial services sector. The notice also linked Xeltox to its ownership of Cryptomus and activity continued through Heleket.
Cryptomus, Heleket and Certa Payments Ltd were listed as principal name variants of Xeltox.
Details cited for TokenSpot and Processing KG
The notice described TokenSpot as a closed joint-stock company based in Bishkek, Kyrgyzstan. It said there were reasonable grounds to suspect the company had supported or benefited from the Russian government by operating in Russia’s financial services sector.
Processing KG was identified as an open joint-stock company in Bishkek, with the websites processing-kg.com and vexpay.net. The record said its parent company is the Kyrgyz Ministry of Finance and that it conducts business of economic significance to the Russian government.