All posts tagged "OFAC"
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245AML / KYCUS Sanctions Companies in HK, UAE for Iran-linked Dealings
The sanctions came on the back of attempts by the US to restore the JCPOA, for which Iran is demanding some sanctions be lifted.
June 24, 2022 -
332AML / KYC
OFAC Blocks Secondary Market Trading in Russian Debt, Equity
To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.
June 13, 2022 -
599AML / KYCUS Federal Court Declares Crypto Subject to Sanctions Laws
A newly unsealed federal court opinion supports the DOJ's first criminal prosecution involving the use of crypto for sanctions evasion.
May 20, 2022 -
430AML / KYCUS Warns Foreign Banks Against Facilitating Sanctions Evasion
Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.
May 18, 2022 -
532AML / KYCOFAC Sanctions Crypto Mixer, 49 More Wallet Addresses
Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.
May 9, 2022 -
614AML / KYC
US, UK Include Professional Services in New Russia Sanctions
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
May 9, 2022 -
570AML / KYCPhilippine Banks Directed to Monitor Gaming-related Transactions
FIs are asked to bolster their CDD and file reports when suspicious transactions are observed involving play-to-earn games such as the recently-hacked Axie Infinity.
April 26, 2022 -
499AML / KYC
OFAC Sanctions Russian Crypto Miners, UK Targets Military
OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.
April 22, 2022 -
618AML / KYC
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
April 19, 2022 -
1.8KAML / KYCCrypto Firms and Sanctions: Five Tools for Compliance
Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.
April 13, 2022
