US Government Fines Bitgo for Allowing Users to Bypass Sanctions With Cryptocurrency
The U.S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.”
US Treasury Alleges Bitgo Allows Users to Bypass Sanctions
The U.S. Department of the Treasury announced on Wednesday that the Office of Foreign Assets Control (OFAC) has entered into a $98,830 settlement with Bitgo “for 183 apparent violations of multiple sanctions programs.” Bitgo offers cryptocurrency wallet services. According to the announcement:
US Taxpayer Money Went to Al-Qaeda Affiliate During Obama Administration: Senate Reports
At least $150,000 in U.S. taxpayer money went to an Islamic organization with ties to terrorism through a humanitarian organization from 2014 to 2015, a large amount of which was approved by the then-Obama administration despite being informed the Islamic organization was a sanctioned entity, a Senate report shows.
On Dec. 23, Senate Finance Committee Chairman Chuck Grassley (R-Iowa) released a report of an investigation conducted by his staff into the relationship between World Vision, a non-profit humanitarian organization, and the Islamic Relief Agency (ISRA), an organization that has funded terrorist activities.
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Dec 31, 2020 05:49 AM EST
During the Obama administration, money was funneled to an Al-Qaeda affiliate through a humanitarian organization. The amount approved by the administration wherein Joe Biden was vice-president then.
The Obama years are now the subject of a Senate report that may have been censored in legacy media.
According to a report, at least $150,000 in U.S. taxpayer money was channeled clandestinely to an Islamic organization with terrorist ties. This entity is a humanitarian organization from 2014 to 2015; President Obama approved this. Intel informed that the organization is dubious base on a released senate inquiry, report The Epoch Times.