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In recent years, economic sanctions have become an increasingly important U.S. foreign policy tool and the digital asset industry has become a key focus of sanctions regulators and prosecutors.
In its press release announcing the sanctions, OFAC indicated that more than 40% of SUEX's transactions involved illicit actors.
Know-your-client demand may just be ignored by incoming Biden admin Share Copy On Tuesday, during his last full day as US President, Donald Trump issued an executive order seeking to curtail cyber attacks by directing the government to come up with rules requiring cloud service providers to better identify foreign customers. It now falls to the incoming Biden administration to implement the order, which may end up simply being ignored, given the recent flood of executive orders. The "executive order on Taking Additional Steps to Address the National Emergency with Respect to Significa...
On January 19, 2021, President Trump issued an Executive Order on Taking Additional Steps to Address the National Emergency with Respect to Significant Malicious Cyber-Enabled Activities (EO), designed to regulate United States Infrastructure as a Service (IaaS) products, in order to address concerns about use by foreign malicious actors. This EO was part of a flurry of national security actions by the outgoing Administration related to technology. If implemented, this EO would impose “know your customer” (KYC) type requirements on many technology companies and could expand government’...
Guarding Against Vulnerability While Microsoft issued a patch for the Zerologon flaw in August 2020, it's not clear if all the company's customers have applied it to their networks to address the vulnerability. So, Microsoft will begin enabling domain controller enforcement mode by default, according to the company alert. "This will block vulnerable connections from non-compliant devices," Microsoft says. "Domain controller enforcement mode requires that all Windows and non-Windows devices use secure [remote procedure call] with Netlogon secure channel unless customers have explicitly allowed...