Page 3 - Apparent Violations News Today

The Office of Foreign Assets Control (“OFAC”) announced (here and here) yesterday that virtual currency exchange Payward, Inc. – better known as Kraken – has agreed to pay $362,158.70...

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on Oct. 11, 2022, announced a more than $24.28 million settlement with Bittrex Inc. (Bittrex),...

The Office of Foreign Assets Control (“OFAC”) and the Financial Crimes Enforcement Network (“FinCEN”) announced on October 11 simultaneous settlements with Bittrex, Inc. (“Bittrex”), a...

Even though crypto assets aim to generalize financial independence and freedom, they cannot pass the regulations established by governments. Failing t

Regulatory scrutiny of the use and management of cryptocurrency and other digital assets such as utility tokens and non-fungible tokens (NFTs) (collectively, cryptoassets) is rapidly...

Key Points and Practical Advice In February 2022, the U.S. Department of Justice (DOJ) announced that the China Initiative, launched in November 2018 to counter perceived threats to...

This settlement agreement serves as a reminder that companies cannot skirt the debt and equity restrictions imposed under E.O. 13662 by simply reissuing and re-dating invoices.

Described as the "Wild West" by SEC Chairman Gary Gensler, the meteoric rise of digital assets like cryptocurrencies has disrupted the traditional financial ecosystem. The wave of...

On January 3, 2022, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a settlement with Airbnb Payments, Inc. (Airbnb Payments)...

The Office of Foreign Assets Control OFAC of the Department of the Treasury announced a settlement with Sojitz Hong Kong Limited, a Chinese subsidiary of Sojitz Corporation, headquartered in Japan, over violations of the Iranian Transactions and Sanctions Regulations ITSR.