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Sanctions in the Cryptocurrency Space: Current Trends and OFAC’s Best Practices for Compliance

February 28, 2021 By: Alejandro Leáñez, Reporter, ACSS With hundreds of billions of dollars in transactions over recent years, virtual currencies are becoming a major player in the global economy. Some cryptocurrencies, like Bitcoin, can even fetch a price of over...

Regulators Worldwide Set Their Sights on Crypto

December 2, 2019 By: Natasha Bright, ACSS Reporter The past year has seen a flurry of new regulations, laws, and guidance documents on cryptocurrencies. The Office of Foreign Assets Control (OFAC), the European Union (EU), the Financial Action Task Force (FATF), and...

Sanctioned Nations Investigate Launching Cryptocurrency to Evade Sanctions

November 7, 2019 By: Natasha Bright, ACSS Reporter Last month, there were news reports that claimed that North Korea was developing its own cryptocurrency. Like many things related to the secretive nation, there are not many details available. However, if true, that...

Do Cryptocurrencies Pose a Sanctions Risk?

October 04, 2019 By: Natasha Bright, ACSS Reporter The virtual currency sector has exploded in the last few years. What began as one cryptocurrency in 2009 – Bitcoin – has ballooned into a market of more than 2200 in circulation as of July 2019. Even FaceBookcurrently...

Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up March 27, 2018 North Korea Generates $200 Million in Illicit Revenue and Continues to ‘Flout’ International Law - UN Report Claims On March 5th, the United Nations (U.N.) Panel of Experts released its Report on North Korea...
Do Cryptocurrencies Pose a Sanctions Risk?

Do Cryptocurrencies Pose a Sanctions Risk?

October 04, 2019 By: Natasha Bright, ACSS Reporter The virtual currency sector has exploded in the last few years. What began as one cryptocurrency in 2009 – Bitcoin – has...

Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up March 27, 2018 North Korea Generates $200 Million in Illicit Revenue and Continues to ‘Flout’ International Law - UN Report Claims On March...

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