OFAC
OFAC and South Korea’s Ministry of Foreign Affairs Sanction Entities Associated with North Korean Hacking and IT Worker Crypto Payment Schemes
OFAC sanctioned Chinyong IT and employee for placing North Korean IT workers in overseas roles, funneling money back to DPRK via crypto.
OFAC Sanctions Dubai-based Financial Services Firm and CEO for Role in Russian Sanctions Evasion, Includes Crypto Address as SDN Identifier
OFAC sanctioned John Hanafin and Dubai-based firm Huriya for helping Russian nationals move assets abroad. Read here for the crypto angle.
United States Sanctions and Charges Russia-based Ransomware Developer Mikhail Matveev
Mikhail Matveev is a Russia-based ransomware developer sanctioned by OFAC and charged by the DOJ in May 2023. Read to learn more.
Fraud Shop Genesis Market Shut Down in International Law Enforcement Operation, Sanctioned by OFAC
Notorious fraud shop Genesis Market was shut down by law enforcement and sanctioned by OFAC in April 2023. Read to learn more.
Crypto Donations Provide Fast Relief for Earthquake Victims in Turkey and Syria
"Cryptocurrency has been a major factor in helping people in humanitarian crises, as it has brought millions of dollars in aid to Ukraine. Read more here."
The U.S. and U.K. Sanction Members of Russia-Based Trickbot Cybercrime Gang
The United States and the United Kingdom sanctioned seven individuals associated with the Russia-based cybercrime gang Trickbot.
How 2022’s Biggest Cryptocurrency Sanctions Designations Affected Crypto Crime
We look at how OFAC’s cryptocurrency sanctions strategy has evolved over time, examine the types of entities sanctioned so far, and analyze the impact.
OFAC Sanctions Internet-based Suppliers of Illicit Fentanyl and Other Synthetic Drugs
3 individuals and 9 entities associated with darknet marketplaces and websites selling illicit synthetic drugs, including fentanyl, were sanctioned.
OFAC Sanctions Iranian Nationals For Their Role in Cyber Attacks, Including Ransomware
OFAC added ten Iranian nationals and two businesses to its Specially Designated Nationals (SDN) List for their role in cyber attacks.
Understanding Tornado Cash, Its Sanctions Implications, and Key Compliance Questions
The crypto mixer Tornado Cash is a decentralized, non-custodial smart contract. This complicates sanctions compliance—and here's why.
Trolls Have Sent an Estimated $52,000 in Small Tornado Cash Payments Following OFAC Designation
Earlier this week, Tornado Cash became the second ever mixer and first ever DeFi protocol to be sanctioned by OFAC. Soon after, Crypto Twitter was ablaze.
OFAC Sanctions Popular Ethereum Mixer Tornado Cash for Laundering Crypto Stolen by North Korea’s Lazarus Group
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the popular Ethereum mixer Tornado Cash, adding it to the Specially Designated Nationals List.
OFAC Sanctions Hydra Following Law Enforcement Shutdown of the Darknet Market, As Well As Russian Exchange Garantex
Following a joint operation involving several US law enforcement agencies, German federal police shut down the Russia-based Hydra Market.
체이널리시스, 가상자산 제재 감시 툴 ‘오라클’ 무료 출시
Chainalysis sanctions screening tools are now available in Korean, giving Korean financial institutions and VASPs real-time OFAC/UN/EU compliance support.
History Has Its Eyes on Crypto. Let’s Prove It’s on the Right Side.
We’re making two new tools available for sanctions data: an API expected to launch next month, and an on-chain oracle available now. We explain the background for building these tools, why they’re critical now, and how they will work.
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