OFAC
OFAC Sanctions Mexican and Colombian Nationals Involved in Sinaloa Cartel Fentanyl Trafficking and Money Laundering Via Cryptocurrency
On September 26, 2023, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 10 individuals…
The U.S. and U.K. Sanction 11 Members of Russia-based Ransomware Group Trickbot
Continuing the crackdown on Russia-based ransomware group Trickbot, the U.K. HM Treasury Office of Financial Sanctions Implementation (OFSI) and the…
OFAC and Crypto Crime: Every OFAC Specially Designated National with Identified Cryptocurrency Addresses
As far back as the early 1800s, the U.S. Department of the Treasury has issued economic sanctions to achieve foreign…
OFAC Sanctions Several ISIS and Al-Qaeda Operatives in Maldives, Highlights Crypto Address Controlled by SDN Ali Shafiu
On July 31, 2023, the U.S. Treasury’s Office of Foreign Asset Control (OFAC) sanctioned several individuals and entities associated with…
OFAC and South Korea’s Ministry of Foreign Affairs Sanction Entities Associated with North Korean Hacking and IT Worker Crypto Payment Schemes
On May 23, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) and South Korea’s Ministry of Foreign Affairs…
OFAC Sanctions Dubai-based Financial Services Firm and CEO for Role in Russian Sanctions Evasion, Includes Crypto Address as SDN Identifier
On May 19, 2023, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 22 individuals and 104 entities operating…
United States Sanctions and Charges Russia-based Ransomware Developer Mikhail Matveev
On May 16, 2023, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Mikhail Matveev, a Russian national…
Fraud Shop Genesis Market Shut Down in International Law Enforcement Operation, Sanctioned by OFAC
On April 4, 2023, authorities shut down popular fraud shop Genesis Market and arrested hundreds of its users around the…
Crypto Donations Provide Fast Relief for Earthquake Victims in Turkey and Syria
With a death toll now surpassing 47,000, the devastating earthquake on February 6 in Turkey and Syria have left many…
The U.S. and U.K. Sanction Members of Russia-Based Trickbot Cybercrime Gang
Our data shows ransomware strains related to Trickbot extorted at least $724M worth of crypto, making Trickbot the 2nd highest earning cybercrime group.
How 2022’s Biggest Cryptocurrency Sanctions Designations Affected Crypto Crime
Agencies like the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury and its equivalents in…
OFAC Sanctions Internet-based Suppliers of Illicit Fentanyl and Other Synthetic Drugs
Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three individuals and nine entities associated…
OFAC Sanctions Iranian Nationals For Their Role in Cyber Attacks, Including Ransomware
Yesterday, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) added ten Iranian nationals and two businesses to its Specially…
Understanding Tornado Cash, Its Sanctions Implications, and Key Compliance Questions
The crypto mixer Tornado Cash is a decentralized, non-custodial smart contract. This makes sanctions compliance complicated—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.…
