ofac

Policy

Ransomware

OFAC Warns That Firms Helping Victims With Ransomware Payouts Risk Violating Its Rules

If you assist a ransomware victim in paying out to cyber attackers, you could end up facing civil penalties, OFAC says.

By Daniel Palmer

Sponsored

Oct 5, 2020 at 12:34 p.m. UTC

Oct 5, 2020

RansomwareRegulationOFACCoinFlash

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Markets

Treasury department

US Sanctions Two Russians Accused of Using Fraud to Steal Millions in Crypto

The pair is accused of having stolen $16.8 million from customers of three different crypto exchanges, including two in the U.S.

By Danny NelsonNikhilesh De

Sponsored

Sep 16, 2020 at 5:02 p.m. UTC

Sep 16, 2020

Treasury DepartmentSanctionsOFACCoinFlash

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Markets

Sanctions

US Treasury Sanctions Russians Using Crypto for Election Interference

The U.S. Treasury Department Office of Foreign Asset Control has added three Russian nationals and a host of cryptocurrency addresses to its sanctions list.

By Nikhilesh De

Sponsored

Sep 10, 2020 at 5:02 p.m. UTC

Sep 10, 2020

SanctionsOFACElection 2020

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Markets

Sanctions

US Agency Says Chinese Drug Traffickers Used Bitcoin to Launder Proceeds

The U.S. Office of Foreign Asset Control has sanctioned four Chinese residents, claiming they helped launder drug proceeds using bitcoin.

By Nikhilesh De

Sponsored

Jul 17, 2020 at 4:13 p.m. UTC

Jul 17, 2020

SanctionsOFACU.S. Treasury Department

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Markets

Ethereum

USA v. Virgil Griffith: What We Know (and Don’t) in the Bombshell Crypto Sanctions Case

Prosecutors appear to have a strong case against Virgil Griffith, the ethereum developer charged with conspiring to aid North Korea, legal experts say.

By Nikhilesh De

Sponsored

Jan 31, 2020 at 8:35 a.m. UTC

Jan 31, 2020

EthereumSanctionsOFACNorth KoreaVirgil Griffith

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Markets

Exchanges

Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes

Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations, but there are conditions.

By Nikhilesh De

Sponsored

Nov 11, 2019 at 1:00 p.m. UTC

Nov 11, 2019

ExchangesIranRegulationNewsSanctionsOFACBittrexMarkets Newsus-canada

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Markets

News

US Treasury Blacklists Bitcoin, Litecoin Addresses of Chinese 'Drug Kingpins'

The U.S. Treasury's OFAC has put bitcoin and litecoin addresses of three Chinese nationals on its sanctions list, the second time the agency has blacklisted crypto wallets.

By Nikhilesh De

Sponsored

Aug 21, 2019 at 5:53 p.m. UTC

Aug 21, 2019

NewsOFACU.S. Treasury Department

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Markets

Crime

Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement

U.S. Treasury Department Under Secretary Sigal Mandelker called for global efforts to police malicious actors' use of cryptocurrencies.

By Nikhilesh De

Sponsored

Dec 4, 2018 at 5:15 p.m. UTC

Dec 4, 2018

CrimeRegulationNewsregulationsLegalOFACus-canada

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Markets

Iran

Get Ready for Crypto Sanctions Enforcement

Recent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky.

By Beau BarnesJake Chervinsky

Sponsored

Dec 2, 2018 at 11:40 a.m. UTC

Dec 2, 2018

IranSanctionsOFACFeaturesbusiness news

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Markets

Regulation

US Regulators Tie Two Bitcoin Addresses to Iranian Ransomware Plot

For the first time, the U.S. Treasury Department is adding crypto addresses to its list of Specially Designated Nationals.

By Nikhilesh De

Sponsored

Nov 28, 2018 at 3:34 p.m. UTC

Nov 28, 2018

RegulationNewsSanctionsOFACU.S. Treasury Departmentus-canada

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