Office of Foreign Assets Control

Fed slaps crypto-friendly banks for ‘deficiencies’

Business

Steven Stradbrooke

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12 September, 2024

Fed slaps crypto-friendly banks for ‘deficiencies’

The Board of Governors of the Federal Reserve System issued a cease & desist order against the UTB following an...

‘Crypto’-friendly Customers Bank hit with Fed Reserve enforcement action

Business

Steven Stradbrooke

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9 August, 2024

‘Crypto’-friendly Customers Bank hit with Fed Reserve enforcement action

The Fed Board hit Customers Bank with an enforcement action after results of inspections carried out by the central banking...

‘Crypto’ anti-money laundering efforts need to incorporate tradfi tools

Business

Steven Stradbrooke

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15 July, 2024

‘Crypto’ anti-money laundering efforts need to incorporate tradfi tools

Chainalysis details the extent to which money launderers use blockchain “to launder funds from a broader range of illicit activities...

Code is not law: Tornado Cash co-founder gets 64 months for money laundering

Business

Steven Stradbrooke

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15 May, 2024

Code is not law: Tornado Cash co-founder gets 64 months for money laundering

Alexey Pertsev was accused of allowing criminals to launder US$1.2 billion worth of the Ethereum network’s ETH token through the...

Jack Dorsey’s Block under federal investigation for terror transactions, sanctions evasion

Business

Steven Stradbrooke

-

2 May, 2024

Jack Dorsey’s Block under federal investigation for terror transactions, sanctions evasion

A former Block employee had met with prosecutors at the U.S. Attorney’s Office for the Southern District of New York...

OFAC around & find out: Tether freezes wallets, Coinbase still acting tough

Business

Steven Stradbrooke

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12 December, 2023

OFAC around & find out: Tether freezes wallets, Coinbase still acting tough

While Tether attempts to disassociate itself from entities and individuals on Office of Foreign Assets Control’s SDN list, Coinbase is...

Sinbad coin mixer sanctioned and taken down by global authorities

Business

Jordan Atkins

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4 December, 2023

Sinbad coin mixer sanctioned and taken down by global authorities

Sinbad.io, a key money laundering tool for North Korean hacker Lazarus Group, had its website seized by U.S. authorities and...

Binance, Changpeng Zhao reach $4.3 billion settlements with US authorities

Business

Steven Stradbrooke

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22 November, 2023

Binance, Changpeng Zhao reach $4.3 billion settlements with US authorities

Binance attempts to stay afloat with the appointment of its new CEO after CZ stepped down following a guilty plea...

Binance tempts fate by helping Russia dodge economic sanctions

Business

Steven Stradbrooke

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24 August, 2023

Binance tempts fate by helping Russia dodge economic sanctions

Binance remains a key conduit for Russian entities looking to convert rubles into digital assets that can then be exchanged...

Tornado Cash users argue DAOs not capable of being subject to sanctions

Business

Jordan Atkins

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29 May, 2023

Tornado Cash users argue DAOs not capable of being subject to sanctions

Plaintiffs claimed that the description of Tornado Cash was inconsistent and that the sanctioned "property" slammed by the OFAC amounts...

Russian cybercrime syndicate sanctioned following spree of attacks

Business

Wahid Pessarlay

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14 February, 2023

Russian cybercrime syndicate sanctioned following spree of attacks

The sanctioned members of the malware gang Trickbot have been listed under OFAC's SDN and will have all their illicit...

SEC probes Kraken for unregistered securities, threatens Coinbase staking

Business

Steven Stradbrooke

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9 February, 2023

SEC probes Kraken for unregistered securities, threatens Coinbase staking

The U.S. Securities and Exchange Commission appears to have the Coinbase and Kraken digital asset exchanges squarely in its sights...

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