Page 4 - Apparent Violations News Today

The U.S. Treasury Department has reached a settlement with Airbnb for apparent violations of sanctions against Cuba by the company that included unauthorized processing of payments and failure to maintain specific Cuba-related records.

In the past month, the Office of Foreign Assets Control (OFAC) of the US Department of Treasury (Treasury) has issued two advisories that highlight the heightened US sanctions risk associated...

An insider's perspective from former Department of Justice (DOJ) and Federal Bureau of Investigation staff about how the US government gathers evidence abroad.

In its press release announcing the sanctions, OFAC indicated that more than 40% of SUEX's transactions involved illicit actors.

In recent years, the U.S. government has become increasingly focused on regulating the use of virtual currencies as a means of addressing a host of financial crimes and malign activities.

BitPay charged $500k as settlement for multiple violations related to crypto payments 2 mins read The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has revealed that crypto payments platform BitPay has agreed to settle its potential civil liabilities on 2,102 apparent violations of sanctions programs. In an enforcement notice published on Feb. 18, the OFAC said that BitPay will pay $507,375 as a settlement on charges that allege the Atlanta-based firm allowed persons based in Nort...

To embed, copy and paste the code into your website or blog: On 18 December, the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury announced highly anticipated and controversial new proposed requirements designed to mitigate illicit finance risks associated with “unhosted” virtual currency wallets and wallets hosted in certain foreign jurisdictions with weak anti-money laundering regimes. Unlike customers who rely on the custody services of financial insti...