Addressing OFAC Treasury 
PYMNTS
MARCH 2, 2020
Treasury has brought on an additional 20 new bitcoin addresses affiliated with two people to its sanctioned individuals roster, Coindesk reported. Two individuals were accused of being connected to the Lazarus Group cybercrime organization per an update of the “Specially Designated Nationals” (SDN) list from OFAC.
The Paypers
AUGUST 22, 2019
(The Paypers) The US Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned three Chinese nationals and their cryptocurrency addresses.
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PYMNTS
JANUARY 1, 2021
Treasury Department announced Wednesday (Dec. BitGo had reason to know that these users were located in sanctioned jurisdictions based on Internet Protocol (IP) address data associated with devices used to log in to the BitGo platform.". Meanwhile, BitGo Inc. , If the U.S.
Trade Credit & Liquidity Management
MAY 27, 2025
Knowing Your Customer (KYC) As a Credit or Treasury professional, you must remain aware of the best KYC practices and compliance requirements that apply to your business. Although these requirements may not apply to your business directly, they provide guidelines for your company's credit and treasury policies and controls.
PYMNTS
MAY 10, 2018
Treasury Department, additional efforts must be spent identifying legal entity customers’ beneficial ownership stakes. May 11 marks a watershed moment of sorts for financial institutions (FIs), with new requirements for customer due diligence.
PYMNTS
AUGUST 22, 2019
Treasury is looking at numerous cryptocurrency addresses and people associated with them as part of the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, Cryptovest reported on Thursday (Aug. After the Treasury updated its SDN list on Aug. OFAC and FinCEN’s coordinated action with U.S.
PYMNTS
MARCH 21, 2018
Treasury Department revealed it could add cryptocurrency addresses to its list of sanctions if it’s able to link the cryptocurrency addresses with people who are blacklisted. According to the WSJ , these digital currency addresses are linked to online wallets and represent the place to transfer the cryptocurrency.
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