OFAC Continues Focus On Virtual Currency Industry With Announced Settlement With Payward, Inc. - Export Controls & Trade & Investment Sanctions
On November 28, 2022, the Office of Foreign Assets Control (OFAC) announced a $362,158.70 settlement agreement with Payward, Inc. (Kraken), an online virtual currency exchange, in connection with 826 apparent violations of the Iranian Transactions and Sanctions Regulations.
Avtonomna Respublika Luhans Ka Oblast Payward Inc Office Of Foreign Assets Foreign Assets Control Luhansk People
Source: mondaq.com