WebApr 5, 2024 · On April 4, 2024, authorities shut down popular fraud shop Genesis Market and arrested hundreds of its users around the world in a coordinated international law enforcement effort dubbed Operation Cookie Monster. Additionally, OFAC sanctioned the criminal marketplace the next day on April 5.. Fraud shops like Genesis are an important … WebSep 30, 2024 · Sanctions Designation of Cryptocurrency Exchange Also on September 21, 2024, OFAC for the first time designated for property-blocking sanctions a virtual currency exchange that facilitated ransomware transactions for ransomware actors. The designated virtual currency exchange is SUEX OTC, S.R.O. (“SUEX OTC”), also known as …
Sanctions Compliance for Crypto: OFAC Issues Guidance …
WebApr 5, 2024 · The US OFAC has recently sanctioned a cryptocurrency "mixer" for alleged use in money-laundering. It is the first time the OFAC has sanctioned a software protocol, rather than an individual or legal entity. … WebApr 13, 2024 · On April 6, the Department of the Treasury published an Enforcement Release detailing Microsoft Corporation’s settlement with the Treasury’s Office of … fishing charters emerald isle north carolina
Everything You Need to Know About OFAC’s New …
WebOFAC has advised technology companies, administrators, exchangers, and users of virtual currencies, and other payment processors, to implement risk-based compliance … WebOct 15, 2024 · OFAC further defines "digital currency" to include "sovereign cryptocurrency, virtual currency (non-fiat), and a digital representation of fiat currency." Because cryptocurrency is a decentralized currency, government agencies, including OFAC, have had a difficult time regulating or enforcing this recent innovation in the … WebSep 28, 2024 · It’s the first formal action the U.S. government has taken in its fight against ransomware under the current administration, though Treasury has sanctioned people for facilitating cryptocurrency ... can bayard\u0027s revenge be used on table top