Page 2 - Updated Advisory News Today

On September 21, 2021, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) published an updated sanctions advisory, providing guidance to companies on sanctions...

We have all read about the high-profile malicious cyber-attacks and ransomware demands and payments.  The Colonial Pipeline case demonstrated how responsive law enforcement can be in...

Office of Foreign Assets Control OFAC of the US Treasury published sanctions compliance guidance for the virtual currency industry: sanctions requirements and procedures, including licensing and enforcement processes, and highlights sanctions compliance best practices

Federal officials have recently warned employers and businesses that they could have insult added to injury if they respond to cyberattacks by making ransomware payments – increasingly...

The DOJ’s National Cryptocurrency Enforcement Team and Treasury’s OFAC are setting their sights on cryptocurrency use in cybercrimes. The US Department of Justice (DOJ)...

Guidance Demonstrates OFAC’s Expectations for Sanctions Compliance by Cryptocurrency Industry - On October 15, 2021, the Office of Foreign Assets Control (“OFAC”) of the...

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...

Virtual currency exchanges are critical nodes in the cryptocurrency ecosystem, and recent Treasury actions focus on such exchanges as a way to combat ransomware attacks.

On September 21, 2021, the U.S. Department of the Treasury's Office of Foreign Assets Control ("OFAC") issued an "Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments" (the "Updated Advisory").

On September 21, 2021, the U.S. Department of the Treasury announced two major actions by the Office of Foreign Asset Control (OFAC) to combat ransomware: the release of OFAC's Updated...