OFAC Imposes Sanctions on Crypto Exchange Over Ransomware Payments, Warns Businesses on Sanction Risks

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On September 21, 2021, the Department of the Treasury announced that it would enforce sanctions laws against cryptocurrency exchanges that facilitate ransomware payments, as part of its larger effort to combat the rising tide of ransomware. For the first time, Treasury’s Office of Foreign Assets Control has imposed sanctions on a virtual currency exchange, SUEX […]
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