OFAC Sanctions Cryptocurrency Mixing Service for Allegedly F

OFAC Sanctions Cryptocurrency Mixing Service for Allegedly Facilitating Money Laundering | Insights

Cryptocurrency firms subject to U.S. jurisdiction must take care to ensure that their platforms do not transact with sanctioned entities such as Tornado Cash, as OFAC sanctions violations are subject to a “strict liability” standard meaning no intent, knowledge, or reason to know that one is dealing with a sanctioned person is required for a violation to occur.

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