-
US Treasury designates Cambodia’s Prince Group a transnational criminal organization
The DOJ’s parallel forfeiture action is the largest ever involving crypto fraud, while FinCEN targeted a sophisticated scam support network.
-
A7A5 Russian stablecoin continues to evade sanctions
Despite action taken in August, $6 billion worth of the token is known to have been moved since then.
-
Crypto wrap: Tether fundraises and EU CBDC is delayed
Also in the news are OFAC Iran sanctions and a sanctions fine against ShapeShift.
-
Houston freight firm settles OFAC allegations of sanctions program violations
The enforcement highlights what a good sanctions compliance program should look like, and shows the benefits of cooperation and remediation.
-
New York settles with Paxos for $48m over BUSD compliance deficiencies
The blockchain technology company was accused of AML/KYC control failures, and insufficient oversight of its relationship with Binance.
-
Senate Banking Committee releases crypto market structure discussion draft
Check out the latest moves in the government’s strategy to merge digital assets and blockchain into the American financial system.
-
VC fund hit with maximum penalty for Russia sanctions breaches
OFAC said GVA had willfully violated US sanctions and ignored OFAC’s legal advice cautioning against sale or transfer of assets.
-
Sanctions enforcement boosted as MOU between OFSI and OFAC strengthens information sharing
The MOU aims to facilitate the exchange of information between UK and US authorities.