On February 18, 2021, the US Department of the Treasury’s Office of Foreign Assets control (OFAC) announced a $507,375 settlement with BitPay, Inc. (BitPay). This civil settlement resolved apparent violations of multiple sanctions programs related to digital currency transactions, and is the second OFAC enforcement case brought against a business in the blockchain industry. This
Latest Post
More Posts
Ten Key Takeaways from the NDAA’s AML Reforms
FinCEN Seeks Comments on Effectiveness of AML Programs, Presenting Rare Opportunity for FinTech and Blockchain Companies
U.S. Regulators Issue Joint Statement on AML Compliance Involving Digital Assets
US Regulators Issue Joint Statement on AML Compliance Involving Digital Assets
Subscribe: Subscribe via RSS
Blogs
Firm/Org