On March 21, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) officially lifted sanctions on Tornado Cash, the decentralized cryptocurrency mixer it had blacklisted in August 2022....more
4/9/2025
/ Appeals ,
Biden Administration ,
Blacklist ,
Blockchain ,
Cryptocurrency ,
Delisting ,
Digital Assets ,
Economic Sanctions ,
Enforcement Actions ,
FinTech ,
Hackers ,
Judicial Review ,
Money Laundering ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Smart Contracts ,
Trump Administration
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) announced yesterday that they had reached settlements for over $24 million and $29 million,...more
10/14/2022
/ Bank Secrecy Act ,
BSA/AML ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Economic Sanctions ,
Financial Institutions ,
FinCEN ,
Jurisdiction ,
Money Transmitter ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Reporting Requirements ,
Settlement ,
Suspicious Activity Reports (SARs) ,
Trading Platforms ,
U.S. Treasury ,
Willful Violations