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.
Source: mondaq.com
