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Bitcoin Daily: Lloyd’s Now Covers Crypto In eWallets; U.S. Treasury Adds Hacker Bitcoin Addresses To Blacklist

PYMNTS

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.

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Know Your Customer as Well as They Know You

Trade Credit & Liquidity Management

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.

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Alleged Drug Traffickers’ Crypto Addresses Targeted By US Treasury Under Kingpin Act

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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. Any addresses deemed to be associated with foreign narcotics operators are added to the Specially Designated Nationals (SDN).

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Treasury To Add Certain Cryptocurrency Addresses To Sanctions List

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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.