WebNov 8, 2024 · See OFAC, “Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments,” (Sept. 21, 2024). 14. See OFAC, “Sanctions Compliance Guidance for the Virtual Currency Industry,” (Oct. 15, 2024). 15. The Federal Bureau of Investigation (FBI) Internet Crime Complaint Center (IC3) received 20% more reports of WebFor example, OFAC ‘Iran sanctions’ programme lists sanctions against Iran. On the other hand, there are 3 OFAC sanctions programmes applying to Russia: ‘Russia Harmful Foreign Activities’; ‘Ukraine/Russia Related Sanctions’ and ‘Magnitsky Sanctions’ programmes. ... Context: designation of Chatex, a virtual currency exchange, and ...
An Examination of OFAC’s Approach to Crypto-Related Sanctions
WebApr 20, 2024 · On May 6, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated crypto mixer Blender.io as a Specially Designated National (“SDN”), marking the first time a virtual currency mixer has been sanctioned. The move is the latest in a series of sanctions designations and enforcement actions in the … WebMar 3, 2024 · I. 2024 By the Numbers. OFAC had a busy year for sanctions enforcement actions and targeting in 2024. It finalized 16 public enforcement actions, imposing over $42.6 million in total monetary ... breadwinner pictures
Counter Terrorism Designation and Designations Updates Office …
WebNov 8, 2024 · The Office of Foreign Assets Controls (OFAC), the U.S. Treasury Department's enforcement agency for economic sanctions, today placed global cryptocurrency exchange Chatex on its sanctions list alongside three companies that allegedly provide it with infrastructure support—Estonia-based IZIBITS OU, Latvia-based … WebJul 30, 2024 · OFAC’s goal is to counter ransomware as part of a whole-of-government effort. To this end, a significant step made by OFAC was the sanctioning of Chatex. … WebJul 30, 2024 · OFAC’s goal is to counter ransomware as part of a whole-of-government effort. To this end, a significant step made by OFAC was the sanctioning of Chatex. Chatex is a VASP based in Latvia. Chatex and its network of affiliate services facilitated financial transactions for ransomware actors. breadwinner origin