Washington —
Veteran federal prosecutor Andrew Adams is the director of the Justice Department's Task Force KleptoCapture, an interagency initiative launched in March to enforce sweeping sanctions that the United States and its allies imposed in response to Russia's invasion of Ukraine.
On Thursday, Adams, during a visit to Washington, sat down with VOA Justice Correspondent Masood Farivar to discuss the task force's investigations and asset seizures, the challenges it faces, and the unprecedented level of cooperation between law enforcement agencies.
The following transcript has been edited for clarity and length.
It's been more than nine months since the attorney general [Merrick Garland] launched the Task Force KleptoCapture and appointed you as director. Can you give us an update on the task force's activities to date and how the asset seizure process is going?
In the early days of the task force, we locked down, we seized a few mega yachts, one in Spain, one in Fiji. We took some action against bank accounts and financial institution accounts here in the U.S. and abroad. And we were engaged heavily in providing information to our foreign partners so that they, too, could take similar kinds of steps.
Since then, we have seen essentially an escalating series of seizures. It has included real estate, it has included airplanes and other luxury assets. And at the same time, you're beginning to see the fruits of a secondary focus, which has been on facilitation. Separate and apart from people who are on the sanctions list or entities that are on the sanctions list, what we have been looking at from the jump has been money laundering and sanctions evasion committed by people who are not on those lists but professional money launderers.
In the last several weeks, what you're seeing are the fruits of that effort in the form of criminal indictments against people like [British businessman] Graham Bonham-Carter with respect to Mr. [Oleg] Deripaska and others who are essentially professional money movers engaged in poking holes in the sanctions regime.
And who else falls under that category of facilitator? Is it banks, is it brokers, who are they?
What we look at are really any kind of gatekeepers to the otherwise legitimate financial system. So you're right, we look at banks, but we look at financial institutions more broadly. We look at family funds, hedge funds, venture capital funds. We look at cryptocurrency and more novel fintech institutions where there may be opportunities to move money. We look at real estate brokers, dealers, security brokers, dealers. Truly across the spectrum of the financial sector.
The last number on seized elite Russian assets was roughly $39 billion to $40 billion. Do you have a more up-to-date figure?
In some ways, it is hard to encapsulate the number, especially when you're looking internationally. And I think the number that you're citing is an international ...
U.S. and international ...
That's right. So it can be difficult in some ways, in part because there are different kinds of powers at play here – differences, for example, between our seizure power which has targeted hundreds of millions of dollars' worth of assets, including yachts, including real estate, and freezing power, which is short of a seizure, but in some ways is as effective, certainly can be as effective.
And how much of the assets have been seized by the U.S. versus U.S. partners? Do you have a breakdown?
With respect to seizure and forfeiture, the U.S. has, I think, taken a leading role in that respect. Globally, in terms of freezing and holding assets in place under the powers that look a lot like our Treasury's blocking powers, that's certainly been a focus for us...but it is the case that most assets that are targeted in the world are outside of the United States. And that figure, I think, is relatively large within the EU and globally. And what I would emphasize on that, again, is the power of that freezing is potentially just as powerful in terms of blocking the Russian military from arming itself, the Russian state from conducting its otherwise illegal business.
Now some of the seized assets have been transferred to the U.S., such as the superyacht that was sailed from Fiji to San Diego a few months ago. What is the status of that yacht and other assets that have been moved to the U.S.?
So the process for fully forfeiting an asset, a yacht for example, includes both the seizure, the transport of it to the U.S. and ultimately the filing of a civil forfeiture complaint if there is going to be litigation over the disposition of the asset.